Endorser not a guarantor for other parties

  1. Law
  2. Montana Code Annotated
  3. Trade and Commerce
  4. Uniform Commercial Code -- Warehouse Receipts, Bills of Lading, and Other Documents of Title
  5. Warehouse Receipts and Bills of Lading Negotiation and Transfer
  6. Endorser not a guarantor for other parties

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30-7-505. Endorser not a guarantor for other parties. The endorsement of a document of title issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.

History: En. Sec. 7-505, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-505.


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