Delivery Without Indorsement: Right to Compel Indorsement

5 CMC § 7506, under Warehouse Receipts and Bills of Lading: Negotiation and Transfer.

5 CMC § 7506

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. Source: PL 3-56, § 1 (§ 7506).