Legislation
SECTION 7-506
Delivery Without Indorsement: Right to Compel Indorsement
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 5
Section 7--506. Delivery Without Indorsement: Right to Compel
Indorsement.
The transferee of a negotiable tangible document of title has a
specifically enforceable right to have its transferor supply any
necessary indorsement, but the transfer becomes a negotiation only as of
the time the indorsement is supplied.
Indorsement.
The transferee of a negotiable tangible document of title has a
specifically enforceable right to have its transferor supply any
necessary indorsement, but the transfer becomes a negotiation only as of
the time the indorsement is supplied.