Section 7-205: Title Under Warehouse Receipt Defeated In Certain Cases
[Text of section applicable as provided by 2013, 30, Sec. 116.]
Section 7-205. 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.