{"data":{"id":"us-va/va.-code-8.7-104","jurisdiction":"us-va","citation":"Va. Code § 8.7-104","heading":"Negotiable and nonnegotiable documents","body":"(1) Except as otherwise provided in subsection 3, a document is negotiable:(a) if by its terms the goods are to be delivered to bearer or to the order of a named person; or(b) where recognized in overseas trade, if it runs to a named person or assigns.(2) A document other than one described in subsection 1 is nonnegotiable. A bill of lading in which it is stated 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.(3) A document is nonnegotiable if, at the time it is issued, the document has a conspicuous legend, however expressed, that it is nonnegotiable.Code 1950, §§ 61-7, 61-8; 1964, c. 219; 2004, c. 200.","path":["Title 8.7. COMMERCIAL CODE — WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE","Part 1. GENERAL"],"source_url":"https://law.lis.virginia.gov/vacode/8.7-104/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:19Z","sha256":"00d28befe4aa5d80c88fcd58f7eaf1b639e99468b3faba68b4d54ad8a192d4c4","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.7-103","next":"us-va/va.-code-8.7-105"},"notice":"GroundRules: Original legal text. Not legal advice."}