GroundRules
AS 45.07.205: Title under warehouse receipt defeated in certain cases.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 07. Warehouse Receipts, Bills of Lading, and Other Documents of Title.
- Article 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 those goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Collected 2026-09-02T06:19:44Z. Source file · JSON