§ 7104. — 7104. (Repealed and added by Stats. 2006, Ch. 254, Sec. 49.)

California § 7104.

• Jurisdiction: California
• Code COM: Commercial Code - COM
• Div. 7.: DIVISION 7. DOCUMENTS OF TITLE
• Ch. 1.: CHAPTER 1. General

Text

(a)
Except as otherwise provided in subdivision (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 subdivision (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.

Legislative History

Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.