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.
ORS 77.2050
Known as the Uniform Commercial Code
The act spans §§ 77–77 (42 sections).
1961 c.726 §77.2050; 2009 c.181 §59
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.