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Code · Michigan · Chapter 440 — Uniform Commercial Code

440.7505 Documents of title; liability of indorser.

55 words·~1 min read·/mi/chapter-440/440-7505

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440.7505 Documents of title; liability of indorser.
Sec. 7505.
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 by previous indorsers.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87 , Eff. July 1, 2013
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