Effective - 28 Aug 2017, 2 histories
400.7-205. 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.
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(L. 1963 p. 503 § 7-205, A.L. 2017 H.B. 34)