Document ID: chunk:federal_register_of_legislation:C2017C00074:section:99
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 99
Character Range: 100813–101316

99  Rights of FCA financial institution collecting order cheque not indorsed by payee
  Where:
 (a) the payee of a cheque payable to order, without indorsing the cheque, lodges the cheque with an FCA institution for collection for the payee; and
 (b) the FCA institution gives value for, or has a lien on, the cheque;
the FCA institution has such rights (if any) as it would have had if, before the lodgment of the cheque with it, the payee had indorsed the cheque in blank.

Division 2—Agency cheques