N.J.S.A. 12A:7-205

Title under warehouse receipt defeated in certain cases.

12A:7-205. Title under warehouse receipt defeated in certain cases. 12A:7-205. Title Under Warehouse Receipt Defeated in Certain Cases. 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. L.2013, c.65, s.2.

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This is the verbatim text of N.J.S.A. 12A:7-205, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.