N.Y. Uniform Commercial Code Law Section 7-104
Negotiable and Nonnegotiable Document of Title

Section 7--104. Negotiable and Nonnegotiable Document of Title.

(a)

Except as otherwise provided in subsection (c), 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: Section 7-104 — Negotiable and Nonnegotiable Document of Title, https://www.­nysenate.­gov/legislation/laws/UCC/7-104 (updated Dec. 26, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Dec. 26, 2014

§ 7-104’s source at nysenate​.gov

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