Utah Statutes
§ 70A-7a-207 — Goods must be kept separate -- Fungible goods.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-7a Uniform Commercial Code - Documents of Title·Part 70A-7a-2 Warehouse Receipts - Special Provisions
(1)Unless the warehouse receipt provides otherwise, 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.
(2)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.
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Utah § 70A-7a-207 (Goods must be kept separate -- Fungible goods.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Commodity Futures Trading Commission v. Rust Rare Coin
(D. Utah, 2020)
Legislative History
Enacted by Chapter 42, 2006 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.