Section 106:7-104 - Negotiable and nonnegotiable document of title(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 such a document 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) 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.Mass. Gen. Laws ch. 106, § 7-104
Amended by Acts 2013, c. 30,§ 45, eff. 7/1/2013.