2005 Minnesota Statutes

  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. 

    HIST: 2004 c 162 art 4 s 4