810 ILCS 5/7-505

Current through Public Act 103-1052

Section 810 ILCS 5/7-505 - Indorser not a 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.

810 ILCS 5/7-505

Amended by P.A. 095-0895,§ 10, eff. 1/1/2009.

Laws 1961, p. 2101.