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.
S.D. Codified Laws § 57A-7-505
Indorser not guarantor for other parties
Known as the Uniform Commercial Code
The act spans §§ 57–57 (574 sections).
Source: SL 2009, ch 254, § 7-505.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.