N.C. Gen. Stat. § 25-7-505
Indorser not guarantor for other parties
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.