§12A-7-104.

§12A-7-104.
   
   (1) A warehouse receipt, bill of lading or other document of title 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) Any other document 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 a written order signed by the same or another named person.