§ 75-7-104. Negotiable and nonnegotiable bill of lading or other document of title.
(a) 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) 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.
Sources: Codes, 1942, § 41A:7-104; Laws, 1966, ch. 316, § 7-104; Laws, 2006, ch. 527, § 3; Laws, 2007, ch. 355, § 3; Laws, 2007, ch. 381, § 3, eff from and after passage (approved Mar. 15, 2007.)
§ 75-7-104. Negotiable and nonnegotiable bill of lading or other document of title.
(a) 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) 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.
Sources: Codes, 1942, § 41A:7-104; Laws, 1966, ch. 316, § 7-104; Laws, 2006, ch. 527, § 3; Laws, 2007, ch. 355, § 3; Laws, 2007, ch. 381, § 3, eff from and after passage (approved Mar. 15, 2007.)
§ 75-7-104. Negotiable and nonnegotiable bill of lading or other document of title.
(a) 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) 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.
Sources: Codes, 1942, § 41A:7-104; Laws, 1966, ch. 316, § 7-104; Laws, 2006, ch. 527, § 3; Laws, 2007, ch. 355, § 3; Laws, 2007, ch. 381, § 3, eff from and after passage (approved Mar. 15, 2007.)
