There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 77
77.5050 Indorser not a guarantor for other parties.
OR Rev Stat § 77.5050 (through Leg Sess 2011) What's This?
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 by previous indorsers. [1961 c.726 77.5050; 2009 c.181 81]
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