Statutes, codes, and regulations
Code of Alabama
Title 7 - COMMERCIAL CODEArticle 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
Part 5 - WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER
Section 7-7-506 - Delivery without indorsement: right to compel indorsement

Ala. Code § 7-7-506

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Current through the 2024 Regular Session.
Section 7-7-506 - 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.

Ala. Code § 7-7-506 (1975)

Prior version of this section added by Acts 1965, No. 549, p. 811; repealed by Act 2004-315, p. 464, §1; current section added by Act 2004-315, p. 464, §1.