§6A-7-505  Indorser not guarantor for other parties. –


Published: 2015

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TITLE 6A

Uniform Commercial Code

CHAPTER 6A-7

Documents of Title

PART 6A-7-501

Warehouse Receipts and Bills of Lading: Negotiation and Transfer

SECTION 6A-7-505



   § 6A-7-505  Indorser not guarantor for

other parties. –

The indorsement of a tangible document of title issued by a bailee does not

make the indorser liable for any default by the bailee or previous indorsers.



History of Section.

(P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.)