Section 7--205. Title Under Warehouse Receipt Defeated in Certain Cases.\n A buyer in ordinary course of business of fungible goods sold and\ndelivered by a warehouse that is also in the business of buying and\nselling such goods takes the goods free of any claim under a warehouse\nreceipt even if the receipt is negotiable and has been duly negotiated.\n
N.Y. U.C.C. 7-205
Title Under Warehouse Receipt Defeated in Certain Cases
Known as the Uniform Commercial Code
The act spans §§ 1–12 (253 sections).
2014-12-26
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.