§ 36-7-505

S.C. Code Ann. § 36-7-505

Indorser not a guarantor for other parties

Effective Oct 1, 20141962 Code Section 10.7-505; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.

Viewing an earlier version · effective Oct 1, 2014View current

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.

HISTORY: 1962 Code Section 10.7-505; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.

Editor's Note

2014 Act No. 213, Section 51, provides as follows:

"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."