Wisconsin Statutes

Wis. Stat. § 407.104 (2026)

Negotiable and nonnegotiable document of title

✓ current as of July 2026
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407.104407.104Negotiable and nonnegotiable document of title.
407.104(1)(1)Except as provided in sub. (3), 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.
407.104(2)(2)A document of title other than one described in sub. (1) 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.
407.104(3)(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.
407.104 HistoryHistory: 2009 a. 322.
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2026–2026 · leading case: Koble Investments v. Elicia Marquardt, 2026 WI 19 (Wis. 2026).
Koble Investments v. Elicia Marquardt, 2026 WI 19 (Wis. 2026). · cites it 6× “§ 407.104 does not apply to residential leases.”
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