Title under warehouse receipt defeated in certain cases

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. History: 1953 Comp., § 50A-7-205, enacted by Laws 1961, ch. 96, § 7-205; 2005, ch. 144, § 61.