Indiana Statutes
§ 26-1-7-207 — Goods must be kept separate; fungible goods
Indiana § 26-1-7-207
This text of Indiana § 26-1-7-207 (Goods must be kept separate; fungible goods) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-7-207 (2026).
Text
(a)Unless the warehouse receipt otherwise
provides, a warehouse shall keep separate the goods covered by each
receipt so as to permit at all times identification and delivery of those
goods. However, different lots of fungible goods may be commingled.
(b)If different lots of fungible goods are commingled, the goods are
owned in common by the persons entitled thereto and the warehouse is
severally liable to each owner for that owner's share. If because of
overissue, a mass of fungible goods is insufficient to meet all the
receipts the warehouse has issued against it, the persons entitled
include all holders to which overissued receipts have been duly
negotiated.
Formerly: Acts 1963, c.317, s.7-207. As amended by
P.L.143-2007, SEC.36.
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Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-7-207, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-7-207.