Statutes > Montana Statutes > TITLE 30. TRADE AND COMMERCE > CHAPTER 7. UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE > Part 5. Warehouse Receipts and Bills of Lading Negotiation and Transfer > 30-7-505. Endorser not a guarantor for other parties.

30-7-505. Endorser not a guarantor for other parties.


     30-7-505. Endorser not a guarantor for other parties. The endorsement of a document of title issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.

     History: En. Sec. 7-505, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-505.