Section 440.7506 - Documents of title; delivery without indorsement; right to compel indorsement.
UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
440.7506 Documents of title; delivery without indorsement; right to compel indorsement.
Sec. 7506.
The transferee of a negotiable document of title has a specifically enforceable right to have his 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