Document ID: chunk:federal_register_of_legislation:C2017C00074:section:41
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 41
Character Range: 33519–34258

41  Requisites for indorsement
 (1) An indorsement of a cheque is not effective to transfer the cheque by negotiation unless:
 (a) the indorsement is written or placed on the cheque and signed by the indorser; and
 (b) the indorsement is an indorsement of the entire cheque.
 (2) An indorsement written or placed on an allonge to a cheque shall be taken to be written or placed, as the case may be, on the cheque.
 (3) A mere signature on a cheque is, in point of form, sufficient for an indorsement of the cheque.
 (4) Without limiting the generality of paragraph (1)(b), an indorsement of a cheque that purports to transfer a part only of the sum ordered to be paid by the cheque is not effective to transfer the cheque by negotiation.