N.Y. U.C.C. Law § 7-505

Current through 2024 NY Law Chapters 1-59 and 61-121

Section 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.

N.Y. U.c.c. Law § 7-505

Added by New York Laws 2014, ch. 505,Sec. 23, eff. 12/17/2014.