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 by previous indorsers.
S.C. Code Ann. § 36-7-505
Indorser not a guarantor for other parties
Known as the Uniform Commercial Code
The act spans §§ 36-10-101 to 36-9-809 (519 sections).
1962 Code SECTION 10.7-505; 1966 (54) 2716; 2014 Act No. 213 (S.343), SECTION 2, eff October 1, 2014.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.