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N.Y. U.C.C. 7-506

Delivery Without Indorsement: Right to Compel Indorsement

Known as the Uniform Commercial Code

The act spans §§ 1–12 (253 sections).

2014-12-26

Section 7--506. Delivery Without Indorsement: Right to Compel\n Indorsement.\n The transferee of a negotiable tangible document of title has a\nspecifically enforceable right to have its transferor supply any\nnecessary indorsement, but the transfer becomes a negotiation only as of\nthe time the indorsement is supplied.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.