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.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.
Amended by:
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 7 - Documents of Title
Subchapter E. Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7.501. Form of Negotiation and Requirements of Due Negotiation
Section 7.502. Rights Acquired by Due Negotiation
Section 7.503. Document of Title to Goods Defeated in Certain Cases
Section 7.505. Indorser Not Guarantor for Other Parties
Section 7.506. Delivery Without Indorsement; Right to Compel Indorsement
Section 7.507. Warranties on Negotiation or Delivery of Document of Title
Section 7.508. Warranties of Collecting Bank as to Documents of Title