Colorado Statutes
§ 4-7-104 — Negotiable and nonnegotiable document of title
(a)Except as
otherwise provided in subsection (c) of this section, a document of title is
negotiable if by its terms the goods are to be delivered to the bearer or to the order
of a named person.
(b)A document of title other than one described in subsection (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.
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Legislative History
Source: L. 2006: Entire article R&RE, p. 471, � 2, effective September 1. L.
2007: (a) amended, p. 366, � 3, effective August 3.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith