Michigan Compiled Laws
174-1962-7-5 - Part 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer (440.7501...440.7509)
Section 440.7505 - Documents of Title; Liability of Indorser.

Sec. 7505.
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 by previous indorsers.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 440 - Uniform Commercial Code

Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)

Article 7 - Warehouse Receipts, Bills of Lading and Other Documents of Title (440.7101...440.7702)

174-1962-7-5 - Part 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer (440.7501...440.7509)

Section 440.7501 - Negotiable Document of Title; Indorsement; Notice of Arrival.

Section 440.7502 - Negotiation; Rights Acquired.

Section 440.7503 - Documents of Title to Goods; Defeat in Certain Cases.

Section 440.7504 - Documents of Title; Transfer by Delivery in Absence of Due Negotiation; Effect; Defeat of Transfer Rights; Diversion or Change of Shipping Instructions; Stoppage of Delivery.

Section 440.7505 - Documents of Title; Liability of Indorser.

Section 440.7506 - Documents of Title; Delivery Without Indorsement; Right to Have Indorsement Supplied.

Section 440.7507 - Documents of Title; Warranties on Negotiation or Delivery for Value.

Section 440.7508 - Documents of Title; Warranties of Collecting Bank.

Section 440.7509 - Documents of Title; Adequacy as Contract for Sale, Lease, or Conditions of a Credit.