# ORS § 77.1040: 77.1040 Negotiable and nonnegotiable document of title

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1040

## Section

- **Citation:** ORS § 77.1040
- **Heading:** 77.1040 Negotiable and nonnegotiable document of title
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 8 / Chapter 77 / Section 77.1040

## Text

(1) Except as otherwise provided in subsection (3) of this section, 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.

(2) A document of title other than one described in subsection (1) of this section 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.

(3) 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. [1961 c.726 § 77.1040 (Negotiable and nonnegotiable document of title) ; 2009 c.181 §52]

Source: Section 77.1040 — Negotiable and nonnegotiable document of title , https://www.­oregonlegislature.­gov/bills_laws/ors/ors077.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 77.1010 77.1010 Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1010.md)
- [ORS § 77.1020 77.1020 Definitions and index of definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1020.md)
- [ORS § 77.1030 77.1030 Relation of chapter to treaty or statute](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1030.md)
- [ORS § 77.1040 77.1040 Negotiable and nonnegotiable document of title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1040.md)
- [ORS § 77.1050 77.1050 Reissuance in alternative medium](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1050.md)
- [ORS § 77.1060 77.1060 Control of electronic document of title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1060.md)
- [ORS § 77.2010 77.2010 Person that may issue a warehouse receipt](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2010.md)
- [ORS § 77.2020 77.2020 Form of warehouse receipt](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2020.md)
- [ORS § 77.2030 77.2030 Liability for nonreceipt or misdescription](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2030.md)
- [ORS § 77.2040 77.2040 Duty of care](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2040.md)
- [ORS § 77.2050 77.2050 Title under warehouse receipt defeated in certain cases](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2050.md)
- [ORS § 77.2060 77.2060 Termination of storage at warehouse’s option](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2060.md)
- [ORS § 77.2070 77.2070 Goods must be kept separate](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2070.md)
- [ORS § 77.2080 77.2080 Altered warehouse receipts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.2080.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T8_C77_S77.1040. Check the current official text before relying on it. Not legal advice.