N.C. Gen. Stat. § 25-7-505

Current through Session Law 2024-56

Section 25-7-505 - 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.

Amended by 2006 N.C. Sess. Laws 112,s. 25, eff. 10/1/2006.

1917, c. 37, s. 45; 1919, c. 65, s. 35; C.S., ss. 317, 4085; 1965, c. 700, s. 1.