Section 14

Transfer of negotiable warehouse receipts without endorsement.

The Warehousing (Development and Regulation) Act, 2007

  • Act 37 of 2007
  • Ministry of Consumer Affairs, Food and Public Distribution
  • Department of Food and Public Distribution
About this Act

An Act to make provisions for the development and regulation of warehouses, negotiability of warehouse receipts, establishment of a Warehousing Development and Regulatory Authority and for matters connected therewith or incidental thereto.

All sections
    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.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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