According to the provisions of the negotiable instrument law, when the holder transfers the rights of the instrument to others, he shall endorse and deliver the instrument. Therefore, in order to transfer the rights of a bill, if the holder records the relevant matters on the back of the bill or a note and signs it, it belongs to endorsement transfer. Once the endorsement transfer is completed, it will take legal effect immediately, resulting in endorsement effects such as the transfer of bill rights, the proof of bill rights and the guarantee of bill liability.
Extended data:
The effect of law
(1) The endorsement transfer does not require the consent of the bill debtor. When a bill is endorsed and transferred, the actor does not need to send a notice to the debtor of the bill, nor does he need to get a promise from the debtor of the bill. As long as the holder completes the endorsement, it constitutes an effective transfer of bill rights.
(2) The transferor of endorsement transfer does not withdraw from the bill relationship. After the endorsement transfer, the transferor does not withdraw from the bill relationship, but changes from the former bill holder to the bill debtor, and assumes the responsibility of guaranteeing acceptance and payment.
(3) Endorsement transfer has a stronger transfer effect. The transferee can be more fully protected by transferring the right to a bill by endorsement.
Baidu encyclopedia-endorsement transfer
Baidu Encyclopedia-Bill Law