P.R. Laws tit. 19, § 1404
2019-02-20 00:00:00+00
(1) A warehouse receipt, bill of lading or other document of title is negotiable
(a) If by its terms the goods are to be delivered to bearer or to the order of a named person, or
(b) where recognized in overseas trade, if it runs to a named person or assigns.
(2) Any other document is non-negotiable. A bill of lading in which it is stated 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 a written order signed by the same or another named person.
History —Aug. 17, 1995, No. 208, added as § 7-104 on Sept. 19, 1996, No. 241, § 11.