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.
Me. Rev. Stat. tit. 11, § 7-1505
Indorser not guarantor for other parties
PL 2009, c. 324, Pt
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.