Section 1307.104. Negotiable and nonnegotiable document of title - UCC 7-104

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Part 1. General
(A) Except as otherwise provided in division (C) of this section, 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 division (A) of this section 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.

Renumbered from § 1307.04 and amended by 129th General AssemblyFile No.9, HB 9, §1, eff. 6/29/2011.

                    
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