2006 Kentucky Revised Statutes - .104   Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.

355.7-104 Negotiable and nonnegotiable 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 nonnegotiable. 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. Effective: July 1, 1960 History: Created 1958 Ky. Acts ch. 77, sec. 7-104, effective July 1, 1960.