Sec. 34. Special indorsement; indorsement in blank. - Act 2031

A special indorsement specifies the person to whom, or to whose order, the instrument is to be payable, and the indorsement of such indorsee is necessary to the further negotiation of the instrument. An indorsement in blank specifies no indorsee, and an instrument so indorsed is payable to bearer, and may be negotiated by delivery. (Negotiable Instruments Law; Act 2031)

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