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§ 57a-7-104 — South Dakota Law | CourtGPT
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South Dakota Legal Code

§ 57a-7-104

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57A-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. Source: SL 2009, ch 254, §7-104.