Section 57A-7-205 - Title under warehouse receipt defeated in certain cases.
57A-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.
Source: SL 2009, ch 254, § 7-205.