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.
Structure Maryland Statutes
Subtitle 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7-501 - Form of Negotiation and Requirements of "Due Negotiation"
Section 7-502 - Rights Acquired by Due Negotiation
Section 7-503 - Document of Title to Goods Defeated in Certain Cases
Section 7-505 - Indorser Not a Guarantor for Other Parties
Section 7-506 - Delivery Without Indorsement; Right to Compel Indorsement
Section 7-507 - Warranties on Negotiation or Transfer of Receipt or Bill
Section 7-508 - Warranties of Collecting Bank as to Documents
Section 7-509 - Receipt or Bill; When Adequate Compliance With Commercial Contract