{"data":{"id":"us-vt/9a-v.s.a.-7-104","jurisdiction":"us-vt","citation":"9A V.S.A. § 7—104","heading":"Negotiable and nonnegotiable document of title","body":"(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.\n(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.\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":["Title 9A: Uniform Commercial Code","Article 007: Documents of Title"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/007","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:56:21Z","sha256":"cd99a819c8c938981a1ccd2dcb8d04b3582c9cadb7dd0e07ffc02dff5b1bb5b4","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-7-103","next":"us-vt/9a-v.s.a.-7-105"},"notice":"GroundRules: Original legal text. Not legal advice."}