North Dakota § 41-07-04 (7-104) Negotiable and non-negotiable document of title

North Dakota Statutes

§ 41-07-04 — (7-104) Negotiable and non-negotiable document of title

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-07 Documents of Title

1.Except as otherwise provided in subsection 3, 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 non-negotiable. 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.

3.A document of title is non-negotiable if, at the time it is issued, the document has a conspicuous legend, however expressed, that it is non-negotiable.

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1. Except as otherwise provided in subsection 3, 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 non-negotiable. 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.
3. A document of title is non-negotiable if, at the time it is issued, the document has a
conspicuous legend, however expressed, that it is non-negotiable.

North Dakota § 41-07-04 ((7-104) Negotiable and non-negotiable document of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.