N.J.S.A. 12A:7-505

Indorser not guarantor for other parties.

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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This is the verbatim text of N.J.S.A. 12A:7-505, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 12A:7-505 — Indorser not guarantor for other parties. | Kyzer