This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 529.— Items are frequently deposited bearing the stamped endorsement of limited companies consisting of the company's name alone, without the name of any officer.
Our interpretation of paragraph 2 of the " conventions and rules " is that the name of the person, or persons, signing for a limited company must appear, whether the endorsement be stamped or written. Please say if we are right ?
Answer.—Under the " conventions and rules" the name of the proper officer must appear in any endorsement, whether stamped or written.