Where a negotiable receipt is transferred for valuable consideration by delivery, and the endorsement of the transferor is essential for negotiation, the transferee acquires a right against the transferor to compel him to endorse the receipt, unless a contrary intention appears, and the negotiation takes effect as of the time when endorsement is made.
Section 14: Transfer of negotiable warehouse receipts without endorsement.
The Warehousing (Development and Regulation) Act, 2007Central Act · Act 37 of 2007
Where this provision sits
| Act | The Warehousing (Development and Regulation) Act, 2007 |
|---|---|
| Section | 14 |
| Marginal note | Transfer of negotiable warehouse receipts without endorsement. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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