8.7-205 - Title under warehouse receipt defeated in certain cases.

§ 8.7-205. Title under warehouse receipt defeated in certain cases.

A buyer in the ordinary course of business of fungible goods sold anddelivered by a warehouseman who is also in the business of buying and sellingsuch goods takes the goods free of any claim under a warehouse receipt eventhough the receipt is negotiable and has been duly negotiated.

(1964, c. 219; 2004, c. 200.)