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Code · Michigan · Chapter 440 — Uniform Commercial Code

440.7506 Documents of title; delivery without indorsement; right to have indorsement supplied.

69 words·~1 min read·/mi/chapter-440/440-7506

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440.7506 Documents of title; delivery without indorsement; right to have indorsement supplied.
Sec. 7506.
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.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87 , Eff. July 1, 2013
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