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STAMP ACT 1853 - SECT 19

Drafts on bankers payable to order on demand, and endorsed by payees, shall be sufficient authority for payment, &c.

19. Provided always, that any draft or order drawn upon a banker for a sum of
money payable to order on demand, which shall, when presented for payment,
purport to be endorsed by the person to whom the same shall be drawn payable,
shall be a sufficient authority to such banker to pay the amount of such draft
or order to the bearer thereof; and it shall not be incumbent on such banker
to prove that such endorsement, or any subsequent endorsement, was made by or
under the direction or authority of the person to whom the said draft or order
was or is made payable either by the drawer or any endorser thereof.

S.20 rep. by SLR 1892; SL(R) 1978

Schedule rep. by 1870 c.99

© 1853 Crown Copyright

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