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.
C.R.S. § 4-7-505
Indorser not guarantor for other parties
Known as the Uniform Commercial Code
The act spans §§ 4–4 (633 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.