75-7-506 - Delivery without indorsement; right to compel indorsement.
§ 75-7-506. 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.
Sources: Codes, 1942, § 41A:7-506; Laws, 1966, ch. 316, § 7-506; Laws, 2006, ch. 527, § 33, eff from and after July 1, 2006.