Section 137
Saving of negotiable instruments, etc.
The Transfer of Property Act, 1882
About this Act
An Act to amend the law relating to the Transfer of Property by act of Parties.
1[137. Saving of negotiable instruments, etc.-- Nothing in the foregoing sections of this
Chapter applies to stocks, shares or debentures, or to instruments which are for the time being, by
law or custom, negotiable, or to any mercantile document of title to goods.
Explanation.-- The expression "mercantile document of title to goods" includes a bill of lading, dock-warrant, warehouse-keeper's certificate, railway receipt, warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authorising or purporting to authorise, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented.]
Explanation.-- The expression "mercantile document of title to goods" includes a bill of lading, dock-warrant, warehouse-keeper's certificate, railway receipt, warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authorising or purporting to authorise, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented.]
Notes
1. Ins. by s. 4, ibid.