2006 Minnesota Statutes

336.7-104 MS 2002 [Repealed, 2004 c 162 art 4 s 43]
336.7-104 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.
History: 2004 c 162 art 4 s 4