{"data":{"id":"us-md/md.-code-commercial-law-7-104","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 7–104","heading":"","body":"(a) Except as otherwise provided in subsection (c), 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.\n(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.\n(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.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=7-104","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"65537221b1a07f0e7f304abd63fbeec79c851f5c01c23a58f3630cac5b82ab31","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-7-103","next":"us-md/md.-code-commercial-law-7-105"},"notice":"GroundRules: Original legal text. Not legal advice."}