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.
Effective: July 12, 2012
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Terms Used In Kentucky Statutes 355.7-505

  • Bailee: means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. See Kentucky Statutes 355.7-102

History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 34, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-505, effective July 1, 1960.

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