(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.
Structure Code of Alabama
Article 7 - Warehouse Receipts, Bills of Lading and Other Documents of Title.
Section 7-7-101 - Short Title.
Section 7-7-102 - Definitions and Index of Definitions.
Section 7-7-103 - Relation of Article to Treaty or Statute.
Section 7-7-104 - Negotiable and Nonnegotiable Document of Title.