Virginia § 8.7-104 - Negotiable and nonnegotiable documents
Full text of Virginia Code of Virginia § 8.7-104 — Negotiable and nonnegotiable documents, with citation guidance and answers to common questions.
§ 8.7-104. Negotiable and nonnegotiable documents
(1) Except as otherwise provided in subsection 3, a document is negotiable:
(a) if by its terms the goods are to be delivered to bearer or to the order of a named person; or
(b) where recognized in overseas trade, if it runs to a named person or assigns.
(2) A document other than one described in subsection 1 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 an order in a record signed by the same or another named person.
(3) A document is nonnegotiable if, at the time it is issued, the document has a conspicuous legend, however expressed, that it is nonnegotiable.
Code 1950, §§ 61-7, 61-8; 1964, c. 219; 2004, c. 200.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.7-104
What does Code of Virginia § 8.7-104 cover?
Section 8.7-104 ("Negotiable and nonnegotiable documents") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 8.7-104?
A common citation format is "Code of Virginia § 8.7-104" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 8.7-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.