Oregon Revised Statutes Chapter 77 § 77.1040 — Negotiable and nonnegotiable document of title
Oregon Revised Statutes Chapter 77 ·
Oregon Code § 77.1040·Enacted ·Last updated March 01, 2026
Statute Text
Negotiable and nonnegotiable document of title.
(1) Except as otherwise provided
in subsection (3) 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.
(2) A document of
title other than one described in subsection (1) 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.
(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. [1961 c.726 §77.1040;
2009 c.181 §52]
Plain English Explanation
This Oregon statute addresses Negotiable and nonnegotiable document of title. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 77.1040
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Negotiable and nonnegotiable document of title. Read the full statute text above for details.
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