2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 7-A: DOCUMENTS OF TITLE
11 §7-1506. Delivery without indorsement; right to compel indorsement
Part 5: WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER
7-1506. 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. [2009, c. 324, Pt. A, 2 (NEW); 2009, c. 324, Pt. A, 4 (AFF).]
SECTION HISTORY
2009, c. 324, Pt. A, 2 (NEW). 2009, c. 324, Pt. A, 4 (AFF).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.