Documents of Title; Liability of Indorser.

  1. Law
  2. Michigan Compiled Laws
  3. Uniform Commercial Code
  4. 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
  5. Warehouse Receipts, Bills of Lading and Other Documents of Title (440.7101...440.7702)
  6. Part 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer (440.7501...440.7509)
  7. Documents of Title; Liability of Indorser.

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Sec. 7505.

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 by previous indorsers.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013


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