Endorser not a guarantor for other parties

Ind. Code § 26-1-7-505
in effect
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Sec. 505. 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. Formerly: Acts 1963, c.317, s.7-505. As amended by P.L.143-2007, SEC.56.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

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