Okla. Stat. tit. 12A § 7-505

Current through Laws 2024, c. 453.

Section 7-505 - Endorser not a guarantor for other parties

The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.

Okla. Stat. tit. 12A, § 7-505

Laws 1961, p. 150, § 7-505; Amended by Laws 2005 , HB 2035, c. 140, § 32, eff. 1/1/2006.

Oklahoma Code Comment

Prior Statutory Provisions:

2 O.S. §9-104.

Text and derivation of prior provisions, see Appendix at end of this title.

Comment:

This is a rewording, but with no substantial change, of former 2 O.S. § 9-104. There is no comparable previous Oklahoma law on bills of lading.