Sec. 7.104.  NEGOTIABLE AND NONNEGOTIABLE DOCUMENT OF TITLE.  (a)  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.
(b)  A document of title other than one described in Subsection (a) 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.
(c)  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.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.
Amended by: 
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.