Section 279 Investments and Securities Act

Section 279 of the Investments and Securities Act 2025 is about Manner and effect of endorsement. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

Notwithstanding the provisions of the Bills of Exchange Act to the contrary —

(a) an endorsement of a promissory note shall not be valid unless made by the signature of the holder written on the back of the note in a space provided for that purpose; and

(b) a person shall not, by reason only of his having endorsed a promissory note, be liable to pay any money due either as principal or as interest on the promissory note.