Mich. Comp. Laws § 440.7205

Current through Public Act 57 of the 2024 Legislative Session

Section 440.7205 - Fungible goods; buyer's title

A buyer in the 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.

MCL 440.7205

Amended by 2012, Act 87,s 28, eff. 7/1/2013.

1962, Act 174, Eff. 1/1/1964.