TITLE 6A
Uniform Commercial Code

CHAPTER 6A-7
Documents of Title

PART 6A-7-101
In General

SECTION 6A-7-104


§ 6A-7-104 Negotiable and nonnegotiable document of title.

(a) Except as otherwise provided in subsection (c), a document of title is negotiable if by its terms the goods are to be delivered to the bearer or to the order of a named person.

(b) A document of title other than one described in subsection (a) is nonnegotiable. A bill of lading that states that the goods are consigned to a named person is not made negotiable by a provision that the goods are to be delivered only against an order in a record signed by the same or another named person.

(c) A document of title is nonnegotiable if, at the time it is issued, the document has a conspicuous legend, however expressed, that it is nonnegotiable.

History of Section.
(P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.)