IC 26-2-3-4 : Assignee's right of action against endorsers; defenses

Sec. 4. Any such assignee, having used due diligence in the premises, shall have his action against his immediate or any remote endorser, and in suit against a remote endorser, he shall have any defense which he might have had in a suit brought by his immediate assignee.

Formerly: Acts 1861, c.75, s.4.