N.M. Stat. § 55-7-506

Current through 2024, ch. 69

Section 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.

NMS § 55-7-506

1953 Comp., § 50A-7-506, enacted by Laws 1961, ch. 96, § 7-506; 2005, ch. 144, § 85.