SECTION 30 IPC : “Valuable security” The term “valuable security” refers to a document that creates, extends, transfers, restricts, extinguishes, or releases any legal rights, or where any person acknowledges that he is legally liable or does not have a certain legal right. Illustration A signs his name on a bill of exchange’s back. The endorsement is a “valuable security” since it effectively transfers the right to the bill to anyone who may legally come into possession of it.