A document of title is negotiable only if it satisfies this section. on proper indorsement and surrender of this ‘Deliverable receipt’ will not render a document negotiable. Bailees often include such provisions as a means of insuring return of nonnegotiable receipts for record purposes. Such language may be regarded as insistence by the bailee upon a particular kind of receipt in connection with delivery of the goods. Subsection (a) makes it clear that a document is not negotiable which provides for delivery to order or bearer only if written instructions to that effect are given by a named person. Either tangible or electronic documents of title may be negotiable if the document meets the requirement of this section. 2. Subsection (c) is derived from Section 3104(d). Prior to issuance of the document of title, an issuer may stamp or otherwise provide by a notation on the document that it is nonnegotiable even if the document would otherwise comply with the requirement of subsection (a). Once issued as a negotiable document of title, the document cannot be changed from a negotiable document to a nonnegotiable document. A document of title that is nonnegotiable cannot be made negotiable by stamping or providing a notation that the document is negotiable. The only way to make a document of title negotiable is to comply with subsection (a). A negotiable document of title may fail to be duly negotiated if the negotiation does not comply with the requirements for stated in Section 7501. ‘due negotiation’ Cross Reference: Sections 7501 and 7502. Definitional Cross References: Section 1201. ‘Bearer’. of Section 1201. ‘Bill lading’. Section 1201. ‘Delivery’. of Section 1201. ‘Document title’. Section 1201. ‘Person’. Section 7102 ‘Sign’. Section 1201. ‘Warehouse receipt’. Section 367105. (a) Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue a tangible document of title as a substitute for the electronic document if:
A document of title is negotiable only if it satisfies this section. ‘Deliverable on proper indorsement and surrender of this receipt’ will not render a document negotiable. Bailees often include such provisions as a means of insuring return of nonnegotiable receipts for record purposes. Such language may be regarded as insistence by the bailee upon a particular kind of receipt in connection with delivery of the goods. Subsection (a) makes it clear that a document is not negotiable which provides for delivery to order or bearer only if written instructions to that effect are given by a named person. Either tangible or electronic documents of title may be negotiable if the document meets the requirement of this section. 2. Subsection (c) is derived from Section 3104(d). Prior to issuance of the document of title, an issuer may stamp or otherwise provide by a notation on the document that it is nonnegotiable even if the document would otherwise comply with the requirement of subsection (a). Once issued as a negotiable document of title, the document cannot be changed from a negotiable document to a nonnegotiable document. A document of title that is nonnegotiable cannot be made negotiable by stamping or providing a notation that the document is negotiable. The only way to make a document of title negotiable is to comply with subsection (a). A negotiable document of title may fail to be duly negotiated if the negotiation does not comply with the requirements for ‘due negotiation’ stated in Section 7501. Cross Reference: Sections 7501 and 7502. Definitional Cross References: ‘Bearer’. Section 1201. ‘Bill of lading’. Section 1201. ‘Delivery’. Section 1201. ‘Document of title’. Section 1201. ‘Person’. Section 1201. ‘Sign’. Section 7102 ‘Warehouse receipt’. Section 1201. Section 367105. (a) Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue a tangible document of title as a substitute for the electronic document if:
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