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 endorsers.
(Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.)
Section 7505
Com. Code § 7505, under Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
Com. Code § 7505