A buyer in the 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.
NRS 104.7205
Title under warehouse receipt defeated in certain cases
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
(Added to NRS by 2005, 836)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.