Idaho State Statutes - Idaho Attorney Directory

(1) Where the seller has
identified goods to the contract by or before shipment:
(a) his procurement of a negotiable bill of lading to his own order or
otherwise reserves in him a security interest in the goods. His
procurement of the bill to the order of a financing agency or of the buyer
indicates in addition only the seller's expectation of transferring that
interest to the person named.
(b) a nonnegotiable bill of lading to himself or his nominee reserves
possession of the goods as security but except in a case of conditional
delivery (subsection (2) of section 28-2-507) a nonnegotiable bill of
lading naming the buyer as consignee reserves no security interest even
though the seller retains possession or control of the bill of lading.
(2) When shipment by the seller with reservation of a security interest
is in violation of the contract for sale it constitutes an improper contract
for transportation within the preceding section but impairs neither the rights
given to the buyer by shipment and identification of the goods to the contract
nor the seller's powers as a holder of a negotiable document of title.

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