Sec. 42. Effect of instrument drawn or indorsed to a person as cashier. - Act 2031

Where an instrument is drawn or indorsed to a person as "cashier" or other fiscal officer of a bank or corporation, it is deemed prima facie to be payable to the bank or corporation of which he is such officer, and may be negotiated by either the indorsement of the bank or corporation or the indorsement of the officer. (Negotiable Instruments Law; Act 2031)

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