Gavvy: Bus. & Com. Code, Sec. 7.505. Indorser Not Guarantor for Other Parties.

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Sec. 7.505. Indorser Not Guarantor for Other Parties.

Sec. 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.

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.

Amended by:

Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.

Gavvy last updated this database on: Sep 6, 2024