Section 30

The words "valuable security" denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or whereby any person acknowledges that he lies under legal liability or has not a certain legal right.

B.L.R.O. 5/2021

40

Penal Code

Illustration

A writes his name on the back of a bill of exchange. As the effect of this indorsement is to transfer the right to the bill to any person who may become the lawful holder of it, the indorsement is a "valuable security".