State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_7-104Negotiable and nonnegotiable warehouse receipt, bill of lading orother document of title.
400.7-104. (1) A warehouse receipt, bill of lading or otherdocument of title is negotiable
(a) if by its terms the goods are to be delivered to beareror to the order of a named person; or
(b) where recognized in overseas trade, if it runs to anamed person or assigns.
(2) Any other document is nonnegotiable. A bill of ladingin which it is stated that the goods are consigned to a namedperson is not made negotiable by a provision that the goods areto be delivered only against a written order signed by the sameor another named person.
(L. 1963 p. 503 § 7-104)
