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.
Title under warehouse receipt defeated in certain cases
11 M.R.S. § 7-1205, under Article 7-A: DOCUMENTS OF TITLE.
11 M.R.S. § 7-1205