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 endorsers.
Cal. Com. Code § 7505
Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Known as the Uniform Commercial Code
The act spans §§ 1101 to 12107 (623 sections).
Repealed and added by Stats. 2006, Ch. 254, Sec. 49
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.