In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
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.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
bearer
“bearer” means the person in possession of a bill or note which is payable to bearer;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
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