Md. Code Ann., Com. Law § 7-505 – Indorser not guarantor for other parties | Midpage
§ 7-505
Md. Code Ann., Com. Law § 7-505
Indorser not guarantor for other parties
Effective Oct 1, 2004Added by Acts 2004, c. 95, § 2, eff. Oct. 1, 2004.State of Maryland
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 by Acts 2004, c. 95, § 2, eff. Oct. 1, 2004.