Skip to main content
Find a Lawyer

49 U.S.C. § 80103 - U.S. Code - Unannotated Title 49. Transportation § 80103. Negotiable and nonnegotiable bills

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Negotiable bills.--(1) A bill of lading is negotiable if the bill--

(A) states that the goods are to be delivered to the order of a consignee; and

(B) does not contain on its face an agreement with the shipper that the bill is not negotiable.

(2) Inserting in a negotiable bill of lading the name of a person to be notified of the arrival of the goods--

(A) does not limit its negotiability; and

(B) is not notice to the purchaser of the goods of a right the named person has to the goods.

(b) Nonnegotiable bills.--(1) A bill of lading is nonnegotiable if the bill states that the goods are to be delivered to a consignee. The indorsement of a nonnegotiable bill does not--

(A) make the bill negotiable; or

(B) give the transferee any additional right.

(2) A common carrier issuing a nonnegotiable bill of lading must put “nonnegotiable” or “not negotiable” on the bill. This paragraph does not apply to an informal memorandum or acknowledgment.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - 49 U.S.C. § 80103 - U.S. Code - Unannotated Title 49. Transportation § 80103. Negotiable and nonnegotiable bills - last updated January 01, 2024 | https://codes.findlaw.com/us/title-49-transportation/49-usc-sect-80103/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard