Home Table of Contents

§ 7-104. Negotiable and Nonnegotiable Document of Title

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 7. Warehouse Receipts, Bills of Lading and Other Documents of Title (Refs & Annos)
Part 1. General
12A Okl.St.Ann. § 7-104
§ 7-104. Negotiable and Nonnegotiable Document of Title
Currentness
Negotiable and Nonnegotiable Document of Title.
(a) Except as otherwise provided in subsection (c) of this section, 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 subsection (a) of this section 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.

Credits

Laws 1961, p. 140, § 7-104; Laws 2005, c. 140, § 3, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 7-104, OK ST T. 12A § 7-104
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document