Negotiable Instruments Act Section 57 — Legal representative cannot by delivery only negotiate instrument indorsed by deceased
CHAPTER IV OF NEGOTIATION
General
Summary
A deceased person’s legal representative cannot transfer a promissory note, bill of exchange, or cheque just by handing it over, if that document is payable to a specific person and was signed by the deceased but never actually given to anyone. In such a case, the representative must follow other legal steps to transfer the document, not simply deliver it.
Official Text
The legal representative of a deceased person cannot negotiate by delivery only a promissory note, bill of exchange or cheque payable to order and indorsed by the deceased but not delivered.