MCL - Section 440.7505

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Chapter 440
Act 174 of 1962
174-1962-7
174-1962-7-5
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UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962


440.7505 Documents of title; liability of indorser.

Sec. 7505.

    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 by previous indorsers.


History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013