Question 158. - Should a cheque payable to the order of a municipality or to a limited company be negotiated in any way except for credit of payee? Could it be endorsed over to a second party by any one or all of the signing officers of the corporation or company?

Answer. - There is nothing to prevent a cheque in favour of a municipality or a limited company being negotiated in the ordinary way, so long as it is properly endorsed by someone duly authorized to do so, but it is better practice to pass all such cheques to the credit of the account and allow the municipality or company to draw by cheque in the ordinary way for their needs.