810 ILCS 5/7-505

810 ILCS 5/7-505
in effect
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(810 ILCS 5/7-505) (from Ch. 26, par. 7-505) Sec. 7-505. Indorser not a 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: P.A. 95-895, eff. 1-1-09.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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