12A:7-104 - Negotiable and non-negotiable warehouse receipt, bill of lading or other document of title - New Jersey Statutes

12A:7-104.  Negotiable and non-negotiable warehouse receipt, bill of lading  or other document of title
    (1) A warehouse receipt, bill of lading or other document of title is negotiable

     (a) if by its terms the goods are to be delivered to bearer or to the order  of a named person;  or

     (b) where recognized in overseas trade, if it runs to a named person or assigns.

    (2) Any other document is non-negotiable.  A bill of lading in which it is stated 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.

     L.1961, c. 120, s. 7-104.