Louisiana Statutes
§ 10:7-205 — Title under warehouse receipt defeated in certain cases
Louisiana·Title 10 Commercial Laws
A buyer in ordinary course of business of fungible goods sold and actually 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.
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Legislative History
Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
Nearby Sections
15
§ 10:7-101
§ 10:7-101§ 10:7-102
Definitions and index of definitions§ 10:7-103
Relation of Chapter to treaty or statute§ 10:7-105
Reissuance in alternative medium§ 10:7-106
Control of electronic document of title§ 10:7-201
§ 10:7-201§ 10:7-208
Altered warehouse receipts§ 10:7-209
Lien of warehouse