Uniform Commercial Code
U.C.C. - ARTICLE 8 - INVESTMENT SECURITIES
..PART 3. TRANSFER
§ 8-307. Effect of Delivery Without Indorsement; Right to Compel Indorsement.
If a certificated security in registered form has been delivered to a purchaser without a necessary indorsement he may become a bona fide purchaser only as of the time the indorsement is supplied; but against the transferor, the transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary indorsement supplied.
As amended in 1977.
See Appendix I for material relating to changes made in text in 1977.
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