13 Pa. C.S. § 7104

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 7104 - Negotiable and nonnegotiable document of title
(a) Negotiable.--Except as otherwise provided in subsection (c), document of title is negotiable if, by its terms, the goods are to be delivered to the bearer or to the order of a named person.
(b) Nonnegotiable.--A document of title other than one described in subsection (a) 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) Legend determinative.--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.

13 Pa.C.S. § 7104

2008, April 16, P.L. 57, No. 13, §13, effective in 60 days [ 6/16/2008].