http://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/32/2001-03-26Bills of Exchange Act 1882An Act to codify the law relating to Bills of Exchange, Cheques, and Promissory Notes.1977-10-01texttext/xmlenStatute Law Database2023-09-222001-03-26 Part II Bills of Exchange Negotiation of Bills Requisites of a valid indorsement.32An indorsement in order to operate as a negotiation must comply with the following conditions, namely,—1It 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.2It 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 two or more indorsees severally, does not operate as a negotiation of the bill.3Where a bill is payable to the order of two or more payees or indorsees who are not partners all must indorse, unless the one indorsing has authority to indorse for the others.4Where, 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.5Where there are two 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.6An indorsement may be made in blank or special. It may also contain terms making it restrictive.
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<Title> Requisites of a valid indorsement.</Title>
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<Text>An indorsement in order to operate as a negotiation must comply with the following conditions, namely,—</Text>
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<Text>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.</Text>
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<Text>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 two or more indorsees severally, does not operate as a negotiation of the bill.</Text>
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<Text>Where a bill is payable to the order of two or more payees or indorsees who are not partners all must indorse, unless the one indorsing has authority to indorse for the others.</Text>
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<Text>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.</Text>
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<Text>Where there are two 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.</Text>
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