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November 21, 2024 Rain | 46°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 7 DOCUMENTS OF TITLE
  6. Section 7-205 Title Under Warehouse Receipt Defeated In Certain Cases

Section 7-205

Section 7-205: Title Under Warehouse Receipt Defeated In Certain Cases

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.