HRS §490:7-104
When a document of title is negotiable or not
This section explains when a document of title (like a bill of lading) is negotiable. It is negotiable only if it says goods go to the bearer or to a named person's order. Otherwise, it is nonnegotiable, and a clear label saying so makes it nonnegotiable.
businesses
The statute, as written — Negotiable and nonnegotiable document of title
(a) Except as otherwise provided in subsection (c), 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.
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