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Cheques Act 1986
99Rights of FCA financial institution collecting order cheque not indorsed by payee
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99 Rights of FCA financial institution collecting order cheque not indorsed by payee
Where: (a) the payee of a cheque payable to order, without indorsing the cheque, lodges the cheque with an FCA institution for collection for the payee; and (b) the FCA institution gives value for, or has a lien on, the cheque; the FCA institution has such rights (if any) as it would have had if, before the lodgment of the cheque with it, the payee had indorsed the cheque in blank.