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2012 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 7-A: DOCUMENTS OF TITLE
11 §7-1505. Indorser not guarantor for other parties


11 ME Rev Stat § 7-1505 (2012 through 125th Legis) 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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