Section 7.104 - Negotiable and Nonnegotiable Document of Title(a) 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.(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.Tex. Bus. and Comm. Code § 7.104
Amended By Acts 2005, 79th Leg., Ch. 122, Sec. 1, eff. 9/1/2005. Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. 9/1/1967.