Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 7-505 — Indorser Not Guarantor for Other Parties
N.Y. U.C.C. Law § 7-505
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 7--505. Indorser Not Guarantor for Other Parties.
Citator
N.Y. U.C.C. Law § 7-505 — Indorser Not Guarantor for Other Parties is in force in the current edition of the Code, and nothing recorded condemns it.
Section 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.