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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/7-7-505.htm
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Modified:2006-04-07 14:12:12
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Title:7-7-505
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Body:Section 7-7-505

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.

(Prior version of this section added by Acts 1965, No. 549, p. 811; repealed by Act 2004-315, p. 464, §1; current section added by Act 2004-315, p. 464, §1.)