If a certificated security in registered form has been delivered to a purchaser without a necessary endorsement the purchaser may become a bona fide purchaser only as of the time the endorsement is supplied; but against the transferor, the transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.
[S13, § 3060-a49; C24, 27, 31, 35, 39, § 9509; C46, § 541.49; C50, 54, 58, 62, § 493A.9, 541.49; C66, 71, 73, 75, 77, 79, 81, § 554.8307]
89 Acts, ch 113, § 22
Iowa General Assembly
Search: Iowa Code 1995
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