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Report No. 11

106. Section 56.-

We have recast section 56 to make it clear that the existing provision is only an exception to the general rule that a transfer by endorsement must be of the entire rights in the instrument. In redrafting1 the section, we have followed sub-section (2) of section 32 of the English Act.

1. Section 32, ibid.

Negotiable Instruments Act, 1881 Back

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