Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 7-205 — Title Under Warehouse Receipt Defeated in Certain Cases
N.Y. U.C.C. Law § 7-205
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 7--205. Title Under Warehouse Receipt Defeated in Certain Cases.
Citator
N.Y. U.C.C. Law § 7-205 — Title Under Warehouse Receipt Defeated in Certain Cases is in force in the current edition of the Code, and nothing recorded condemns it.
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.