810 ILCS 5/7-205

Current through Public Act 103-593
Section 810 ILCS 5/7-205 - 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.

810 ILCS 5/7-205

Amended by P.A. 095-0895,§ 10, eff. 1/1/2009.
Laws 1961, p. 2101.