https://www.taxtmi.com/acts?id=7631 An indorsement followed by delivery transfers to the indorsee the instrument's property and the right of further negotiation, unless the indorsement by express words restricts or excludes that right or constitutes the indorsee an agent to indorse or to receive its contents for the indorser or another specified person; restrictive language (e.g., exclusive payment or credit directions) prevents further negotiation while simple pay orders or references to account value do not. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7631 An indorsement followed by delivery transfers to the indorsee the instrument's property and the right of further negotiation, unless the indorsement by express words restricts or excludes that right or constitutes the indorsee an agent to indorse or to receive its contents for the indorser or another specified person; restrictive language (e.g., exclusive payment or credit directions) prevents further negotiation while simple pay orders or references to account value do not. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7631