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Bills of Exchange Act · s 34
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Bills of Exchange Act · s 34
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
An indorsement in blank specifies no indorsee, and a bill so indorsed becomes payable to bearer.
A special indorsement specifies the person to whom, or to whose order, the bill is to be payable.
The provisions of this Act relating to a payee apply with the necessary modifications to an indorsee under a special indorsement.
When a bill has been indorsed in blank, any holder may convert the blank indorsement into a special indorsement by writing above the indorser’s signature a direction to pay the bill to or to the order of himself or some other person.