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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 7
Documents of Title
PART 2
Warehouse Receipts: Special Provisions
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SECTION 7-204
Duty of Care; Contractual Limitation of Warehouse's Liability
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PART 2
Warehouse Receipts: Special Provisions
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SECTION 7-206
Termination of Storage at Warehouse's Option
This entry was published on 2014-12-26
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SECTION 7-205
Title Under Warehouse Receipt Defeated in Certain Cases
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 2
Section 7--205. 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.