70A-7a-104 - Negotiable and nonnegotiable document of title. - Utah Statutes

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70A-7a-104. Negotiable and nonnegotiable document of title.
(1) Except as otherwise provided in Subsection (3), a document of title is negotiable if byits terms the goods are to be delivered to bearer or to the order of a named person.
(2) A document of title other than one described in Subsection (1) is nonnegotiable. Abill of lading that states that the goods are consigned to a named person is not made negotiable bya provision that the goods are to be delivered only against an order in a record signed by the sameor another named person.
(3) A document of title is nonnegotiable if, at the time it is issued, the document has aconspicuous legend, however expressed, that it is nonnegotiable.

Enacted by Chapter 42, 2006 General Session

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-07a > 70a-7a-104

70A-7a-104. Negotiable and nonnegotiable document of title.
(1) Except as otherwise provided in Subsection (3), a document of title is negotiable if byits terms the goods are to be delivered to bearer or to the order of a named person.
(2) A document of title other than one described in Subsection (1) is nonnegotiable. Abill of lading that states that the goods are consigned to a named person is not made negotiable bya provision that the goods are to be delivered only against an order in a record signed by the sameor another named person.
(3) A document of title is nonnegotiable if, at the time it is issued, the document has aconspicuous legend, however expressed, that it is nonnegotiable.

Enacted by Chapter 42, 2006 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-07a > 70a-7a-104

70A-7a-104. Negotiable and nonnegotiable document of title.
(1) Except as otherwise provided in Subsection (3), a document of title is negotiable if byits terms the goods are to be delivered to bearer or to the order of a named person.
(2) A document of title other than one described in Subsection (1) is nonnegotiable. Abill of lading that states that the goods are consigned to a named person is not made negotiable bya provision that the goods are to be delivered only against an order in a record signed by the sameor another named person.
(3) A document of title is nonnegotiable if, at the time it is issued, the document has aconspicuous legend, however expressed, that it is nonnegotiable.

Enacted by Chapter 42, 2006 General Session