Statutes > New York Statutes > UCC - Uniform Commercial Code > Article 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE > Part 5 - (7-501 - 7-509) WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER > 7-506 - Delivery Without Indorsement: Right to Compel Indorsement.

7-506 - Delivery Without Indorsement: Right to Compel Indorsement.

Section 7--506. Delivery    Without   Indorsement:   Right   to   Compel                    Indorsement.    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.