Title Under Warehouse Receipt Defeated in Certain Cases.
A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Added by Laws 1961, p. 142, § 7-205. Amended by Laws 2005, c. 140, § 10, eff. Jan. 1, 2006.
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