Negotiable and nonnegotiable document of title

Wis. Stat. § 407.104
in effect
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(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. (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. (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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/407.104Fetched: 10/7/2026
Wis. Stat. § 407.104 — Negotiable and nonnegotiable document of title | Wisconsin Statutes (updated through 2025 Wis. Act 247) | Corpus