In forceUpdated to 4 Jul 2023Current version · Updated to 4 Jul 2023
Penal Code · Updated to 4 Jul 2023 · Chapter II · General Explanations
30. “Valuable security”
Feedback & supportThe words “valuable security” denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished, or released, or whereby any person acknowledges that he lies under legal liability, or has not a certain legal right.
A writes his name on the back of a bill of exchange. As the effect of this endorsement is to transfer the right to the bill to any person who may become the lawful holder of it, the endorsement is a “valuable security”.