Title under warehouse receipt defeated in certain cases

4-7-205. 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. Source: L. 2006: Entire article R&RE, p. 474, � 2, effective September 1. Editor's note: This section is similar to former � 4-7-205 as it existed prior to 2006.