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Section 336.7-104 — Negotiable And Nonnegotiable Document Of Title.

MN Stat § 336.7-104 (2019) (N/A)
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336.7-104 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-104 NEGOTIABLE AND NONNEGOTIABLE DOCUMENT OF TITLE.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

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