N.Y. U.C.C. Law § 7-205

Current through 2024 NY Law Chapters 1-50, 52-55, 57, 61-117
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.

N.Y. U.c.c. Law § 7-205

Added by New York Laws 2014, ch. 505,Sec. 23, eff. 12/17/2014.