§ 36-7-506

S.C. Code Ann. § 36-7-506

Delivery without indorsement; right to compel indorsement

Effective Oct 1, 20141962 Code Section 10.7-506; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.

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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.

HISTORY: 1962 Code Section 10.7-506; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.