Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS AND COMMERCE CODE |
Title 1. UNIFORM COMMERCIAL CODE |
Chapter 7. DOCUMENTS OF TITLE |
Subchapter E. WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER |
Sec. 7.505. INDORSER NOT GUARANTOR FOR OTHER PARTIES
Latest version.
-
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.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967. Amended by: Acts 2005, 79th Leg., Ch. 122 , Sec. 1, eff. September 1, 2005.