Michigan Compiled Laws § 440.7506 Documents Of Title; Delivery Without Indorsement; Right To Have Indorsement Supplied.

440.7506 Documents of title; delivery without indorsement; right to have indorsement supplied.

Sec. 7506.

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.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013

Section: Previous  440.7501  440.7502  440.7503  440.7504  440.7505  440.7506  440.7507  440.7508  440.7509    Next

Last modified: October 10, 2016