Arizona § 47-7104 Negotiable and nonnegotiable document of title

Arizona Statutes

§ 47-7104 — Negotiable and nonnegotiable document of title

Arizona § 47-7104

Title 47Arizona Revised Statutes

Ch. 7DOCUMENTS OF TITLE

Art. 1General

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Bluebook

Ariz. Rev. Stat. Ann. § 47-7104 (2026).

Text

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.

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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.