Louisiana Statutes
§ 10:7-505 — Endorser not a guarantor for other parties
Louisiana·Title 10 Commercial Laws
The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for any default by the bailee or previous endorsers.
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Legislative History
Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
Nearby Sections
15
§ 10:7-101
§ 10:7-101§ 10:7-102
Definitions and index of definitions§ 10:7-103
Relation of Chapter to treaty or statute§ 10:7-105
Reissuance in alternative medium§ 10:7-106
Control of electronic document of title§ 10:7-201
§ 10:7-201§ 10:7-208
Altered warehouse receipts§ 10:7-209
Lien of warehouse