New York Uniform Commercial Code Law Section 7-506 - Delivery Without Indorsement: Right to Compel Indorsement.

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.


Last modified: February 3, 2019