N.C. Gen. Stat. § 25-7-205
Title under warehouse receipt defeated in certain cases
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(1965, c. 700, s. 1; 2006-112, s. 25.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.