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- Title 7. Commercial Code
- Article 7. Warehouse Receipts, Bills of Lading and Other Documents of Title
- Part 1. General
Ala. Code § 7-7-104 (1975) Negotiable and Nonnegotiable Document of Title
Library | Alabama Statutes |
Edition | 2023 |
Currency | Current with legislation from the 2023 Regular and Special Sessions. |
Year | 2023 |
Citation | Ala. Code § 7-7-104 (1975) |
(a) Except as otherwise provided in subsection (c), 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) 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.
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