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Negotiable and nonnegotiable document of title.
(a) Except as otherwise provided in subsection (c) of this 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 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.
[
2012 c 214 § 204; 1965 ex.s. c 157 § 7-104. Cf. former RCW sections: (i) RCW
22.04.030,
22.04.050, and
22.04.060; 1913 c 99 §§ 2, 4, and 5; RRS §§ 3588, 3590, and 3591; prior: 1891 c 134 §§ 5 and 8. (ii) RCW
22.04.040 and
22.04.080; 1913 c 99 §§ 3, 7; RRS §§ 3589, 3593. (iii) RCW
63.04.280 and
63.04.310; 1925 ex.s. c 142 §§ 27 and 30; RRS §§ 5836-27 and 5836-30. (iv) RCW
63.04.755(1);
1925 ex.s. c 142 § 76; RRS § 5836-76; formerly RCW
63.04.010. (v) RCW
81.32.021 through
81.32.051, and
81.32.081; 1961 c 14 §§ 81.32.021 through
81.32.051, and
81.32.081; prior: 1915 c 159 §§ 2 through 5, and 8; RRS §§ 3648 through 3651, and 3654; formerly RCW
81.32.030 through
81.32.060, and
81.32.090. (vi) RCW
81.32.531;
1961 c 14 § 81.32.531; prior:
1915 c 159 § 53; RRS § 3699; formerly RCW
81.32.010, part.]
NOTES:
Application—Savings—2012 c 214: See notes following RCW
62A.1-101.