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Home » US Law » 2022 South Dakota Codified Laws » Title 57A - Uniform Commercial Code » Chapter 07 - Documents Of Title » Section 57A-7-505 – Indorser not guarantor for other parties.

57A-7-505. Indorser not guarantor for other parties.

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.

Source: SL 2009, ch 254, §7-505.