Skip to main content

Maine Revised Statutes Title 11. Uniform Commercial Code § 7-1505. Indorser not guarantor for other parties

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

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.

Cite this article: FindLaw.com - Maine Revised Statutes Title 11. Uniform Commercial Code § 7-1505. Indorser not guarantor for other parties - last updated January 01, 2022 | https://codes.findlaw.com/me/title-11-uniform-commercial-code/me-rev-st-tit-11-sect-7-1505/


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Thank you. Your response has been sent.

Copied to clipboard