N.Y. UCC Law § 7-104
This is the official text of N.Y. UCC Law § 7-104, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Negotiable and Nonnegotiable Document of Title
Official statutory text
Section 7--104. Negotiable and Nonnegotiable Document of Title.\n (a) Except as otherwise provided in subsection (c), a document of\ntitle is negotiable if by its terms the goods are to be delivered to\nbearer or to the order of a named person.\n (b) A document of title other than one described in subsection (a) is\nnonnegotiable. A bill of lading that states that the goods are consigned\nto a named person is not made negotiable by a provision that the goods\nare to be delivered only against an order in a record signed by the same\nor another named person.\n (c) A document of title is nonnegotiable if, at the time it is issued,\nthe document has a conspicuous legend, however expressed, that it is\nnonnegotiable.\n
Status: in_force · Read it on the official government site
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