NRS 104.7104
Negotiable and nonnegotiable document of title.

1.

Except as otherwise provided in subsection 3, 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.

2.

A document of title other than one described in subsection 1 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.

3.

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.

Source: Section 104.7104 — Negotiable and nonnegotiable document of title., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec7104.

Last Updated

Feb. 5, 2021

§ 104.7104’s source at nv​.us