104.7104 - Negotiable and nonnegotiable document of title. - Nevada Statutes

104.7104  Negotiable and nonnegotiable document 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 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.

      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.

      (Added to NRS by 2005, 834)