Volume 372, Page 279 View pdf image (33K) |
ART. 13] NEGOTIATION. 279 CHAPTER IV—Negotiation. 1904, art. 13, sec. 49. 1898, ch 119.
49. An instrument is negotiated when it is transferred from one
If payable to bearer, it is negotiated by delivery; if payable to order, Ibid. sec. 50. 1898, ch. 119.
50. The indorsement must be written on the instrument itself or Ibid. sec. 51. 1898, ch. 119.
51. The indorsement must be an indorsement of the entire instru- Ibid. sec. 52. 1898, ch. 119.
52. An indorsement may be either special or in blank; and it may Ibid. sec. 53. 189S, ch. 119.
53. A special indorsement specifies the person to whom, or to whose Ibid. sec. 54. 1898, ch. 119.
54. The holder may convert a blank indorsement into a special Ibid. sec. 55. 1898, ch. 119. 55. An indorsement is restrictive, which either: 1. Prohibits the further negotiation of the instrument; or 2. Constitutes the indorsee the agent of the indorser; or
3. Vests the title in the indorsee in trust for or to the use of some
Ibid. sec. 56. 1898, ch. 119. 1. To receive payment of the instrument;
2. To bring any action thereon that the indorser could bring;
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Volume 372, Page 279 View pdf image (33K) |
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