[Code of Federal Regulations]
[Title 39, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 39CFR762.24]

[Page 193-194]
 
                        TITLE 39--POSTAL SERVICE
 
                 CHAPTER I--UNITED STATES POSTAL SERVICE
 
PART 762_DISBURSEMENT POSTAL MONEY ORDERS--Table of Contents
 
 Subpart B_Endorsements, Payment, Guaranties, Warranties and Processing 
 
Sec.  762.24  Guaranty of endorsements.

    The presenting bank and the endorsers of a Disbursement Postal Money 
Order presented to the Postal Service for payment shall be deemed to 
guarantee to the Postal Service that all prior endorsements are genuine, 
whether or not an express guaranty is placed on the Disbursement Postal 
Money Order. When the first endorsement has been made by one other than 
the payee

[[Page 194]]

personally, the presenting bank and the endorsers shall be deemed to 
guarantee to the Postal Service, in addition to other warranties, that 
the person who so endorsed had unqualified capacity and authority to 
endorse the Disbursement Postal Money Order on behalf of the payee.