There is a newer version of the Maine Revised Statutes
2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 7-A: DOCUMENTS OF TITLE
11 §7-1505. Indorser not guarantor for other parties
ME Rev Stat § 7-1505 (2013 through 126th 1st Sp Sess) What's This?
Part 5: WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER
7-1505. Indorser not 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. [2009, c. 324, Pt. A, 2 (NEW); 2009, c. 324, Pt. A, 4 (AFF).]
SECTION HISTORY
2009, c. 324, Pt. A, 2 (NEW). 2009, c. 324, Pt. A, 4 (AFF).
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