Montana § 30-7-104 Negotiable And Nonnegotiable Document Of Title

Montana Statutes

§ 30-7-104 — Negotiable And Nonnegotiable Document Of Title

Montana·Title 30 TRADE AND COMMERCE·Ch. 7 UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE·Part 1 General

30-7-104 . Negotiable and nonnegotiable document of title.

(1)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.

(2)A document of title other than one described in subsection (1) 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 a written order signed by the same or another named person.

(3)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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30-7-104 . Negotiable and nonnegotiable document of title. (1) 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.
(2) A document of title other than one described in subsection (1) 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 a written order signed by the same or another named person.
(3) 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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