Transfer of Property Act, 1882
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 authorizing or
purporting to authorize, either by endorsement or by delivery, the possessor of
the document to transfer or receive goods thereby represented.