Endorsement and Signature Guaranty

1. Law
2. Tennessee Code
3. Banks and Financial Institutions
4. Banking Institutions
5. General Powers of Banks
6. Endorsement and Signature Guaranty

1. Any bank may assume secondary liability as an endorser of a negotiable or nonnegotiable instrument that it owns or has received for collection or that of the guarantor of the genuineness of a signature.
2. A bank may disclaim all or any part of the foregoing obligation in its guaranty; however, nothing in this section shall conflict with the Uniform Commercial Code, compiled in title 47, and the Uniform Commercial Code shall govern.

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