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

Link to law: http://webserver.rilin.state.ri.us/Statutes/TITLE6A/6A-7/6A-7-505.HTM
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
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.)