Order in which indorsers are liable
Sec. 68. Order in which indorsers are liable. - As respect one another, indorsers are liable prima facie in the order in which they indorse; but evidence is admissible to show that, as between or among themselves, they have agreed otherwise. Joint payees or joint indorsees who indorse are deemed to indorse jointly and severally.
APPLICATION OF SECTION• Applies only with respect to an indorser as against another but not as against a holder in due course
• Every indorser is liable to all indorsers subsequent to him but not those prior to him whom he in turn makes liable