§12A-2-505.

§12A-2-505.
   
   (1) Where the seller has identified goods to the contract by or before
   shipment:
   
   (a) his procurement of a negotiable bill of lading to his own order or
   otherwise reserves in him a security interest in the goods. His
   procurement of the bill to the order of a financing agency or of the
   buyer indicates in addition only the seller's expectation of
   transferring that interest to the person named.
   
   (b) a nonnegotiable bill of lading to himself or his nominee reserves
   possession of the goods as security but except in a case of
   conditional delivery (subsection (2) of Section 2-507) a nonnegotiable
   bill of lading naming the buyer as consignee reserves no security
   interest even though the seller retains possession of the bill of
   lading.
   
   (2) When shipment by the seller with reservation of a security
   interest is in violation of the contract for sale it constitutes an
   improper contract for transportation within the preceding section but
   impairs neither the rights given to the buyer by shipment and
   identification of the goods to the contract nor the seller's powers as
   a holder of a negotiable document.