Report No. 11
97. Sections 46-48.-
No change has been proposed in the first three paragraphs of section 46.
The last two paragraphs of section 46 and sections 47 and 48 deal with the modes of negotiation for different kinds of instruments, with some repetition. We have combined them into a single section.1 The Exception to section 47 has been made a separate section.2
An introductory section3 has also been proposed, specifying the different kinds of indorsements.
1. Section 30, ibid.
2. Section 42, ibid.
3. Section 33, ibid.