Us Code § 80104 - Form and requirements for negotiation
Full text of Us Code United States Code § 80104 — Form and requirements for negotiation, with citation guidance and answers to common questions.
§ 80104. Form and requirements for negotiation
(a)
(2) A negotiable bill of lading may be negotiated by delivery when the common carrier, under the terms of the bill, undertakes to deliver the goods to the order of a specified person and that person or a subsequent indorsee has indorsed the bill in blank.
(3) A negotiable bill of lading may be negotiated by a person possessing the bill, regardless of the way in which the person got possession, if—
(A) a common carrier, under the terms of the bill, undertakes to deliver the goods to that person; or
(B) when the bill is negotiated, it is in a form that allows it to be negotiated by delivery.
(b)
(c)
(Pub. L. 103–272, §1(e), July 5, 1994, 108 Stat. 1347.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 80104(a)(1) | 49 App.:108. | Aug. 29, 1916, ch. 415, §§27, 28, 30, 37, 38, 39 Stat. 542, 543, 544. |
| 80104(a)(2) | 49 App.:107. | |
| 80104(a)(3) | 49 App.:110. | |
| 80104(b) | 49 App.:117. | |
| 80104(c) | 49 App.:118. |
In subsection (a)(1), the words "If the goods are deliverable to the order of a specified person" are substituted for "the person to whose order the goods are deliverable by the tenor of the bill" for clarity. The text of 49 App.:108 (last sentence) is omitted as unnecessary because of the restatement.
About This Section
49 U.S.C. § 80104 is part of Title 49 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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