Maine Code § 11-7-1505

Indorser not guarantor for other parties
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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. [PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c.
324, Pt. A, §4 (AFF).]

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