Negotiable Instruments Act : Indorsement for part of sum due. Indian Bare Acts :

Negotiable Instruments Act,1881

Act No : 26

Section : Indorsement for part of sum due.

56.Indorsement for part of sum due. No writing on a negotiable instrument is valid for the purpose of negotiation if such writing purports to transfer only a part of the amount appearing to be due on the instrument; but where such amount has been partly paid, a note to that effect may be indorsed on the instrument, which may then be negotiated for the balance.