Indiana Statutes

§ 26-1-7-205 — Title under warehouse receipt defeated in certain cases

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 7 Documents of Title
A buyer in the 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. Formerly: Acts 1963, c.317, s.7-205. As amended by P.L.143-2007, SEC.34.

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