{"data":{"id":"us-gu/13-gca-7501","jurisdiction":"us-gu","citation":"13 GCA § 7501","heading":"Form of Negotiation and Requirements of Due Negotiation.","body":"(1) A negotiable document of title running to the order of a named person is negotiated by his indorsement and delivery. After his indorsement in blank or to bearer any person can negotiate it by delivery alone.\n(2) (a) A negotiable document of title is also negotiated by delivery alone when by its original terms it runs to bearer.\n(b) When a document running to the order of a named person is delivered to him the effect is the same as if the document had been negotiated.\n(3) Negotiation of a negotiable document of title after it has been indorsed to a specified person requires indorsement by the special indorsee as well as delivery.\n(4) A negotiable document of title is duly negotiated when it is negotiated in the manner stated in this section to a holder who purchases it in good faith without notice of any defense against or claim to it on the part of any person and for value.\n(5) Indorsement of a nonnegotiable document neither makes it negotiable nor adds to the transferee's rights.\n(6) The naming in a negotiable bill of a person to be notified of the arrival of the goods does not limit the negotiability of the bill nor constitute notice to a purchaser thereof of any interest of such person in the goods.","path":["Title 13: Uniform Commercial Code","Division 7: Warehouse Receipts, Bills of Lading and Other Documents of Title","CHAPTER 5: WAREHOUSE RECEIPTS AND BILLS OF"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv007.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:28:38Z","sha256":"3830dc28e29434cef70950e682925ee4f5cc8935b62a6683aa52d509150111b1","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-7404","next":"us-gu/13-gca-7502"},"notice":"GroundRules: Original legal text. Not legal advice."}