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.
Ark. Code Ann. § 4-7-505
Indorser not guarantor for other parties
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 2007, No. 342, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.