State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-7 > Section-55-7-505

55-7-505. 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.

State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-7 > Section-55-7-505

55-7-505. 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.


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-7 > Section-55-7-505

55-7-505. 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.