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. Code 1933, § 109A-7-505, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 2010, p. 481, § 1-1/HB 451.
Indorser not guarantor for other parties
O.C.G.A. § 11-7-505, under WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER.
O.C.G.A. § 11-7-505