Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 1 - Uniform Commercial Code > Chapter 7 - Warehouse Receipts, Bills Of Lading, And Other Documents Of Title > Part 2 - Warehouse Receipts: Special Provisions > § 4-7-205 - Title under warehouse receipt defeated in certain cases.

§ 4-7-205 - Title under warehouse receipt defeated in certain cases.

4-7-205. 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.