Delivery without indorsement: right to compel indorsement - UCC 7-506
Known as the Uniform Commercial Code
The act spans §§ 1307–1307 (43 sections).
Effective: June 29, 2011; Latest Legislation: House Bill 9 - 129th General Assembly
Delivery without indorsement: right to compel indorsement [UCC 7-506]
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.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.