Section 45.07.205. Title under warehouse receipt defeated in certain cases.

Latest version.

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 those goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.

Authorities

45.07.502

Notes

References

AS 45.07.502 Rights acquired by due negotiation.

History

(Sec. 7.205 ch 114 SLA 1962; am Sec. 35 ch 44 SLA 2009)

                    
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