Section 34: Endorsement in blank and special endorsement.

(1) An endorsement in blank specifies no endorsee, and a bill so endorsed becomes payable to bearer.
(2) A special endorsement specifies the person to whom, or to whose order, the bill is to be payable.
(3) The provisions of this Act relating to a payee apply with the necessary modifications to an endorsee under a special endorsement.
(4) When a bill has been endorsed in blank, any holder may convert the blank endorsement into a special endorsement by writing above the endorser's signature a direction to pay the bill to or to the order of himself or some other person.