Sec. 42a-7-104. Negotiable and nonnegotiable document of title.
Sec. 42a-7-104. Negotiable and nonnegotiable document of title. (a) Except as
otherwise provided in subsection (c) of this section, a document of title is negotiable if
by its terms the goods are to be delivered to bearer or to the order of a named person.
(b) A document of title other than one described in subsection (a) of this section 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.
(1959, P.A. 133, S. 7-104; P.A. 04-64, S. 4.)
History: P.A. 04-64 amended section to adopt the 2003 Revision of Uniform Commercial Code Article 7-Documents
of Title.