N.C. Gen. Stat. § 25-7-506

Current through Session Law 2024-56

Section 25-7-506 - 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.C. Gen. Stat. § 25-7-506

Amended by 2006 N.C. Sess. Laws 112,s. 25, eff. 10/1/2006.

1917, c. 37, s. 43; 1919, c. 65, s. 33; C.S., ss. 315, 4083; 1965, c. 700, s. 1.