Saturday, September 29, 2007

7



7. If you receive a cheque which has been transferred to you by a
BLANK indorsement (name of indorser only), and you wish to hold it a
day or two, write over the indorsement the words 'PAY TO THE ORDER OF
(yourself--writing your own name).' This is allowable legally. The
cheque cannot then be collected until you indorse it.