The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for a default by the bailee or previous endorsers.
Structure Alaska Statutes
Chapter 07. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Article 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
Sec. 45.07.501. Form of negotiation and requirements of due negotiation.
Sec. 45.07.502. Rights acquired by due negotiation.
Sec. 45.07.503. Document of title to goods defeated in certain cases.
Sec. 45.07.505. Endorser not guarantor for other parties.
Sec. 45.07.506. Delivery without endorsement; right to compel endorsement.
Sec. 45.07.507. Warranties on negotiation or delivery of document of title.
Sec. 45.07.508. Warranties of collecting bank as to documents of title.
Sec. 45.07.509. Adequate compliance with commercial contract.