Section 1307.205. Title under warehouse receipt defeated in certain cases - UCC 7-205

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Part 2. Warehouse Receipts: Special Provisions
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.

Renumbered from § 1307.10 and amended by 129th General AssemblyFile No.9, HB 9, §1, eff. 6/29/2011.

                    
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