TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 7

DOCUMENTS OF TITLE

PART 2.

WAREHOUSE RECEIPTS — SPECIAL PROVISIONS

28-7-205.  Title under warehouse receipt defeated in certain cases. A buyer in 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.

History:

[28-7-205, added 2004, ch. 42, sec. 2, p. 84.]