Section 57A-7-104 - Negotiable and nonnegotiable document of title. - South-dakota Statutes

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57A-7-104. Negotiable and nonnegotiable 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.

Source: SL 2009, ch 254, § 7-104.

State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-07 > Statute-57a-7-104

57A-7-104. Negotiable and nonnegotiable 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.

Source: SL 2009, ch 254, § 7-104.

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Statutes > South-dakota > Title-57a > Chapter-07 > Statute-57a-7-104

57A-7-104. Negotiable and nonnegotiable 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.

Source: SL 2009, ch 254, § 7-104.