55: Conversion of indorsement in blank into indorsement in full — Negotiable Instruments Act, 1881

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If a negotiable instrument, after having been indorsed in blank, is indorsed in full, the amount of it cannot be claimed from the indorser in full, except by the person to whom it has been indorsed in full, or by one who derives title through such person.

Effective date: 1881-12-09

Related sections

54: Instrument indorsed in blank 56: Requisites of indorsement 53A: Rights of holder in due course 57: Legal representative cannot by delivery only negotiate instrument indorsed by deceased 53: Holder claiming through holder in due course 57A: Negotiation of instrument to party already liable thereon

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