There is a newer version of the Vermont Statutes
2016 Vermont Statutes
Title 9A - Uniform Commercial Code
Article 7 - Documents Of Title
§ 7-505 Indorser not guarantor for other parties
9 V.S.A. § 7-505 What's This?
§ 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. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)
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