Indorser not a guarantor for other parties.

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  2. Missouri Revised Statutes
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  5. Indorser not a guarantor for other parties.

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Effective - 28 Aug 2017, 2 histories

400.7-505. Indorser not a 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.

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(L. 1963 p. 503 § 7-505, A.L. 2017 H.B. 34)


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