Section 54 NI Act — Instrument indorsed in blank

The Negotiable Instruments Act, 1881 · Official PDF page 16

54. Instrument indorsed in blank. —Subject to the provisions hereinafter contained as to crossed cheques, a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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