2010 Georgia Code
TITLE 11 - COMMERCIAL CODE
ARTICLE 7 - WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE
PART 1 - GENERAL
§ 11-7-104 - Negotiable and nonnegotiable document of title
. Negotiable and nonnegotiable document of title
(a) Except as otherwise provided in subsection (c) of this Code section, 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) of this Code 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.
(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.
Graham Syfert - Jacksonville Lawyer