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Statutes > New York Laws > 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.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

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.

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