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2009 Kentucky Revised Statutes
Article 7 Warehouse Receipts, Bills of Lading,
355.7.104 Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.

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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 <br>the goods are to be delivered only against a written order signed by the same or <br>another named person. Effective: July 1, 1960 <br>History: Created 1958 Ky. Acts ch. 77, sec. 7-104, effective July 1, 1960.

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