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Section 48 of The Negotiable Instruments Act, 1881 View Chapter 4

Negotiation by indorsement.

Subject to the provisions of section 58, a promissory note, bill of exchange or cheque 1[payable to order], is negotiable by the holder by indorsement and delivery thereof

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Footnote -

1. Subs. by Act 8 of 1919, s. 4, for payable to the order of a specified person, or to a specified person or order.


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