§7-505. Indorser not guarantor for other parties (United States)

§7-505. Indorser not guarantor for other parties

Published: 2015

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The Vermont Statutes Online

Title

09A

:
Uniform Commercial Code

Chapter

007

:
Documents of Title

§

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. (Added 2015, No.

51, § B.3, eff. June 3, 2015.)