Cite as: 80 CNCA § 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.

Historical Data

LA 26–03, eff. October 2, 2003.