Michigan Compiled Laws § 440.7505 Documents Of Title; Liability Of Indorser.

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

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Last modified: October 10, 2016