Okla. Stat. tit. 12A, § 12A-7-104: Negotiable and nonnegotiable document of title

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.