My bookmarksSign up free
← Bills of Exchange Act 1949

Bills of Exchange Act 1949 s 32

s 32 Requisites of a valid indorsement

32. An indorsement in order to operate as a negotiation must comply with the following conditions:(a) it must be written on the bill itself and be signed by the indorser; the simple signature of the indorser on the bill, without additional words, is sufficient; an indorsement written on an allonge, or on a “copy” of a bill issued or negotiated in a country where “copies” are recognised, is deemed to be written on the bill itself; (b) it must be an indorsement of the entire bill; a partial indorsement, that is to say, an indorsement which purports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the bill to 2 or more indorsees severally, does not operate as a negotiation of the bill; (c) where a bill is payable to the order of 2 or more payees or indorsees who are not partners, all must indorse unless the one indorsing has authority to indorse for the others; (d) where, in a bill payable to order, the payee or indorsee is wrongly designated, or his name is mis-spelt, he may indorse the bill as therein described, adding, if he thinks fit, his proper signature; (e) where there are 2 or more indorsements on a bill, each indorsement is deemed to have been made in the order in which it appears on the bill, until the contrary is proved; (f) an indorsement may be made in blank or special; it may also contain terms making it restrictive.

Read this section in the full act → · Open PART 2 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next