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.
Tex. Bus. & Com. Code § 7.505
INDORSER NOT GUARANTOR FOR OTHER PARTIES
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.