2002 Minnesota Statutes

     336.7-104 Negotiable and nonnegotiable warehouse 
  receipt, bill of lading or other document of title. 

    (1) A warehouse receipt, bill of lading or other document 
 of title is negotiable 

    (a) if by its terms the goods are to be delivered to bearer 
 or to the order of a named person; or 

    (b) where recognized in overseas trade, if it runs to a 
 named person or assigns. 

    (2) Any other document is nonnegotiable.  A bill of lading 
 in which it is stated 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 a written order signed by the same 
 or another named person. 

    HIST: 1965 c 811 s 336.7-104