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.
Tenn. Code Ann. § 47-7-205
Title under warehouse receipt defeated in certain cases
Known as the Uniform Commercial Code
The act spans §§ 47-1-101 to 47-9-809 (578 sections).
Acts 2008, ch. 814, § 1.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.