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RCW
62A.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.
[
2012 c 214 § 605
; 1965 ex.s. c 157 § 7-505. Cf. former RCW sections: (i) RCW
22.04.460
;
1913 c 99 § 45
; RRS § 3631. (ii) RCW
63.04.380
;
1925 ex.s. c 142 § 37
; RRS § 5836-37. (iii) RCW
81.32.361
;
1961 c 14 § 81.32.361
; prior:
1915 c 159 § 36
; RRS § 3682; formerly RCW
81.32.450
.]
NOTES:
Application
—
Savings
—
2012 c 214:
See notes following RCW
62A.1-101
.