§7205. Title under warehouse receipt defeated in certain cases.

Latest version.

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.

Notation

Cross References. Section 7205 is referred to in section 7502 of this title.

                    
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