Indorser not guarantor for other parties.

Checkout our iOS App for a better way to browser and research.

§490:7-505 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. [L 2004, c 163, pt of §1]


Download our app to see the most-to-date content.