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Alaska Statutes.

Title 45. Trade and Commerce

Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title

Section 104. Negotiable and Nonnegotiable Warehouse Receipt, Bill of Lading, or Other Document of Title.

AS 45.07.104. Negotiable and Nonnegotiable Warehouse Receipt, Bill of Lading, or Other Document of Title.

(a) A warehouse receipt, bill of lading, or other document of title is negotiable if

(1) by its terms the goods are to be delivered to bearer or to the order of a named person; or

(2) recognized in overseas trade, if it runs to a named person or assigns.

(b) 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.

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Last modified 9/3/2005