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. [1961 c.726 §77.2050 (Title under warehouse receipt defeated in certain cases); 2009 c.181 §59]
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