There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - 55-7-506 — Delivery without indorsement; right to compel indorsement.
55-7-506. 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.
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