There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 12a - Commercial Transactions
Section 12A:7-505 - Indorser Not Guarantor For Other Parties.
NJ Rev Stat § 12A:7-505 (2016) What's This?
12A:7-505. Indorser not guarantor for other parties.
12A:7-505. 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.
L.2013, c.65, s.2.
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