Ch. 95                                     2004 LAWS OF MARYLAND

7-103.

(A)     THIS TITLE IS SUBJECT TO ANY TREATY OR STATUTE OF THE UNITED
STATES OR REGULATORY STATUTE OF THIS STATE TO THE EXTENT THE TREATY,
STATUTE, OR REGULATORY STATUTE IS APPLICABLE.

(B)     THIS TITLE DOES NOT MODIFY OR REPEAL ANY LAW PRESCRIBING THE
FORM OR CONTENT OF A DOCUMENT OF TITLE OR THE SERVICES OR FACILITIES TO
BE AFFORDED BY A BAILEE, OR OTHERWISE REGULATING A BAILEE'S BUSINESS IN
RESPECTS NOT SPECIFICALLY TREATED IN THIS TITLE. HOWEVER, VIOLATION OF
SUCH A LAW DOES NOT AFFECT THE STATUS OF A DOCUMENT OF TITLE THAT
OTHERWISE IS WITHIN THE DEFINITION OF A DOCUMENT OF TITLE.

(C)     THIS TITLE MODIFIES, LIMITS, AND SUPERSEDES THE FEDERAL
ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT (15 U.S.C. §
7001, ET. SEQ.) BUT DOES NOT MODIFY, LIMIT, OR SUPERSEDE § 101(C) OF THAT ACT (15
U.S.C. § 7001(C)) OR AUTHORIZE ELECTRONIC DELIVERY OF ANY OF THE NOTICES
DESCRIBED IN § 103(B) OF THAT ACT (15 U.S.C. § 7003(B)).

(D)     TO THE EXTENT THERE IS A CONFLICT BETWEEN TITLE 21 OF THIS
ARTICLE AND THIS TITLE, THIS TITLE GOVERNS.

7-104.

(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.                                                                                 

7-105.

(A)     UPON REQUEST OF A PERSON ENTITLED UNDER AN ELECTRONIC
DOCUMENT OF TITLE, THE ISSUER OF THE ELECTRONIC DOCUMENT MAY ISSUE A
TANGIBLE DOCUMENT OF TITLE AS A SUBSTITUTE FOR THE ELECTRONIC
DOCUMENT IF:

(1)      THE PERSON ENTITLED UNDER THE ELECTRONIC DOCUMENT
SURRENDERS CONTROL OF THE DOCUMENT TO THE ISSUER; AND

(2)     THE TANGIBLE DOCUMENT WHEN ISSUED CONTAINS A STATEMENT
THAT IT IS ISSUED IN SUBSTITUTION FOR THE ELECTRONIC DOCUMENT.

(B)     UPON ISSUANCE OF A TANGIBLE DOCUMENT OF TITLE IN SUBSTITUTION
FOR AN ELECTRONIC DOCUMENT OF TITLE IN ACCORDANCE WITH SUBSECTION (A):

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