Tex. Bus. & Com. Code § 7.505

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

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.

Tex. Bus. and Comm. Code § 7.505

Amended By Acts 2005, 79th Leg., Ch. 122, Sec. 1, eff. 9/1/2005.

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. 9/1/1967.