# 54 Instrument indorsed in blank
Subject to the provisions hereinafter contained as to crossed cheques, a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order.
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OF NEGOTIATION
50
Effect of indorsement51
Who may negotiate52
Indorser who excludes his own liability or makes it conditional53
Holder deriving title from holder in due course55
Conversion of indorsement in blank into indorsement in full56
Indorsement for part of sum due57
Legal representative cannot by delivery only negotiate instrument indorsed by deceased
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