310 BILLS OF LADING. [ART 14

order of a specified person, and such person or a subsequent indorsee of
the bill has endorsed it in blank.

1910, ch. 336, sec. 29 (p. 39).

29. A negotiable bill may be negotiated by the indorsement of the
person to whose order the goods are deliverable by the tenor of the
bill. Such indorsement may be in blank, or to a specified person. If
indorsed to a specified person, it may be negotiated again by the indorse-
ment of such person in blank, or to another specified person. Subse-
quent negotiation may be made in like manner.

1910, ch. 336, sec. 30 (p. 40).

30. A bill may be transferred by the holder by delivery, accom-
panied with an agreement, express or implied, to transfer the title to
the bill or to the goods represented thereby.

A non-negotiable bill can not be negotiated, and the indorsement of
such a bill gives the transferee no additional right.

1910, ch. 336. sec. 31 (p. 40).

31. A negotiable bill may be negotiated by any person in posses-
sion of the same, however such possession may have been acquired, if,
by the terms of the bill, the carrier undertakes to deliver the goods to
the order of such person; or if, at the time of negotiation, the bill is
in such form that it may be negotiated by delivery.

1910, ch. 336, sec. 32 (p. 40).

32. A person to whom a negotiable bill has been duly negotiated
acquired thereby—-

(a) Such title to the goods as the person negotiating the bill to him
had or had ability to convey to a purchaser in good faith for value, and
also such title to the goods as the consignee and consignor had or had
power to convey to a purchaser in good faith for value; and

(b) The direct obligations of the carrier to hold possession of the
goods for him according to the terms of the bill, as fully as if the
carrier had contracted directly with him.

See art. 83, sec. 54.

1910, ch. 336. sec. 33 (p. 40).

33. A person to whom a bill has been transferred, but not negoti-
ated, acquires thereby, as against the transferor, the title to the goods,
subject to the terms of any agreement with the transferor. If the bill
is non-negotiable, such person also acquires the right to notify the car-
rier of the transfer to him of such bill, and thereby to become the direct
obligee of whatever obligations the carrier owed to the transferor of the
bill immediately before the notification.

Prior to the notification of the carrier by the transferor or trans-
feree of a non-negotiable bill, the title of the transferee to the goods and
the right to acquire the obligation of the carrier may be defeated by