{"data":{"id":"us-wi/wis.-stat.-407.104","jurisdiction":"us-wi","citation":"Wis. Stat. § 407.104","heading":"Negotiable and nonnegotiable document of title.","body":"(1) Except as provided in sub. (3), 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(2) A document of title other than one described in sub. (1) 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(3) 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":["Chs. 401-411, Uniform Commercial Code","Chapter 407 Uniform Commercial Code — Documents Of Title","SUBCHAPTER I GENERAL"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/407.104","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"07d14bc7e251ccd35a1c4f69e4338be7d4726be8f9020479db5ae7f08cfd5d0b","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-407.103","next":"us-wi/wis.-stat.-407.105"},"notice":"GroundRules: Original legal text. Not legal advice."}