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Cheques Act 1986
45Conditional indorsement
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#### 45 Conditional indorsement
Where an indorsement of a cheque purports to be conditional:
(a) the indorsement is effective as an indorsement of the cheque, whether or not the condition is fulfilled;
(b) a person paying the cheque may disregard the condition and may pay the cheque to the indorsee or a subsequent holder, whether or not the condition is fulfilled; and
(c) the fact that the indorsement purports to be conditional shall be disregarded for the purpose of determining whether the holder is a holder in due course.