BILLS OF EXCHANGE ACT 1882 - SECT 34 Indorsement in blank and special indorsement.

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BILLS OF EXCHANGE ACT 1882 - SECT 34

Indorsement in blank and special indorsement.

34.(1) An indorsement in blank specifies no indorsee, and a bill so indorsed
becomes payable to bearer.

(2) A special indorsement specifies the person to whom, or to whose order, the
bill is to be payable.

(3) The provisions of this Act relating to a payee apply with the necessary
modifications to an indorsee under a special indorsement.

(4) 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.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 34