Sec. 7-506

810 ILCS 5/7-506 — under Uniform Commercial Code.

810 ILCS 5/7-506

(810 ILCS 5/7-506) (from Ch. 26, par. 7-506)

Sec. 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.

(Source: P.A. 95-895, eff. 1-1-09.)