Section 355.7-104 - Negotiable and nonnegotiable document of title(1) 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) of this section 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.Repealed and reenacted by 2012 Ky. Acts ch. 132,§ 4, eff. 7/11/2012. Created 1958 Ky. Acts ch. 77, sec. 7-104, effective 7/1/1960.