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Section 40. Indorsement of instrument payable to bearer - Negotiable Instruments Law

Section 40. Indorsement of instrument payable to bearer of Negotiable Instruments Law. Section 40. Indorsement of instrument payable to bearer.- Where instruments to an instrument, payable to bearer, is indorsed specially, it may ne

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 40. Indorsement of instrument payable to bearer.- Where instruments to an instrument, payable to bearer, is indorsed specially, it may nevertheless be further negotiated by delivery; but the person indorsing specially is liable as indorser to only such holders as make title through his indorsement.

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