41-07-34. (7-505) Indorser not guarantor for other parties.
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/nd/title-41/chapter-41-07-documents-of-title/41-07-34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.