Warehousing (Development and Regulation) Act,2007 : Transfer of negotiable warehouse receipts without

Warehousing (Development and Regulation) Act,2007,2007

Act No : 37

Section : Transfer of negotiable warehouse receipts without endorsement.

14. Transfer of negotiable warehouse receipts without endorsement. -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.