NI Act Section 55: Conversion of indorsement in blank into indorsement in full
Negotiable Instruments Act, 1881 · Chapter 4: Of negotiation
Also available in: हिंदी
¶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.
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 46. Delivery
- 47. Negotiation by delivery
- 48. Negotiation by indorsement
- 49. Conversion of indorsement in blank into indorsement in full
- 50. Effect of indorsement
- 51. Who may negotiate
- 52. Indorser who excludes his own liability or makes it conditional
- 53. Holder deriving title from holder in due course
- 54. Instrument indorsed in blank
- 56. Indorsement for part of sum due
- 57. Legal representative cannot by delivery only negotiate instrument indorsed by deceased
- 58. Instrument obtained by unlawful means or for unlawful consideration
- 59. Instrument acquired after dishonour or when overdue
- 60. Instrument negotiable till payment or satisfaction