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.
N.H. Rev. Stat. Ann. § 382-A:7-205
Title Under Warehouse Receipt Defeated in Certain Cases
Known as the Uniform Commercial Code
The act spans §§ 382-A:1-101 to 382-A:9-809 (637 sections).
Source. 2006, 169:17, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.