The possessor of a bill of exchange shall be its legal bearer when he proves that he is the holder of right thereto by means of uninterrupted endorsements, even if the last one is in blank. Erased endorsements in this regard shall be null and void. If the endorsement in blank is followed by a subsequent endorsement, the signatory on the last endorsement shall be the one to whom the right to the bill is devolved.
Interpretation and application must be checked against the official text and current version.