Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 7-104 — Negotiable and Nonnegotiable Document of Title
N.Y. U.C.C. Law § 7-104
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 7--104. Negotiable and Nonnegotiable Document of Title.
Citator
N.Y. U.C.C. Law § 7-104 — Negotiable and Nonnegotiable Document of Title is in force in the current edition of the Code, and nothing recorded condemns it.
Section 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.