In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
34. Indorsement in blank and special indorsement
Feedback & support(1)
An indorsement in blank specifies no indorsee, and a bill so indorsed becomes payable to bearer.
(2)
A special indorsement specifies the person to whom, or to whose order, the bill is to be payable.
(3)
The provisions of this Act relating to a payee apply with the necessary modifications to an indorsee under a special indorsement.
(4)
When a bill has been indorsed in blank, any holder may convert the blank indorsement into a special indorsement by writing above the indorser’s signature a direction to pay the bill to or to the order of himself or some other person.
holder
Defined · s 2
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;