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2006 Kentucky Revised Statutes - .505   Indorser not a guarantor for other parties.

355.7-505 Indorser not a guarantor for other parties. The indorsement of a document of title issued by a bailee does not make the indorser liable for any default by the bailee or by previous indorsers. Effective: July 1, 1960 History: Created 1958 Ky. Acts ch. 77, sec. 7-505, effective July 1, 1960.

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