Wisconsin § 407.104 Negotiable and nonnegotiable document of title.

Wisconsin Statutes

§ 407.104 — Negotiable and nonnegotiable document of title.

Wisconsin § 407.104

Ch. 407Uniform commercial code — documents of title

Subch.subch. I of ch. 407 SUBCHAPTER I

GENERAL

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Bluebook

Wis. Stat. § 407.104 (2026).

Text

407.104 407.104(1) (1) Except as provided in sub.

(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. 407.104(2) (2) A document of title other than one described in sub.

(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 an order in a record signed by the same or another named person. 407.104(3) (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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407.104
407.104(1) (1) Except as provided in sub. (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.
407.104(2) (2) A document of title other than one described in sub. (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 an order in a record signed by the same or another named person.
407.104(3) (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.