Section 55
Conversion of indorsement in blank into indorsement in full
Chapter 4: Of negotiation
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.
The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 52Indorser who excludes his own liability or makes it conditional
- 53Holder deriving title from holder in due course
- 54Instrument indorsed in blank
- 56Indorsement for part of sum due
- 57Legal representative cannot by delivery only negotiate instrument indorsed by deceased
- 58Instrument obtained by unlawful means or for unlawful consideration