§ 4-7-104 — Negotiable and nonnegotiable document of title

Colorado § 4-7-104

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Documents of Title

Text

(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.

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.