Cal. Commercial Code § 7104
Cal. Commercial Code § 7104
California · California Commercial Code · Status: effective · Effective 2007-01-01
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- Citation
- Cal. Commercial Code § 7104, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790504
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Full text
(a) Except as otherwise provided in subdivision (c), 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.
(b) A document of title other than one described in subdivision (a) 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.