N.Y. U.C.C. Law § 7-506

Current through 2024 NY Law Chapter 457

Section 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.

N.Y. U.c.c. Law § 7-506

Added by New York Laws 2014, ch. 505,Sec. 23, eff. 12/17/2014.