California Law (Last Updated: March 4, 2014) |
Commercial Code - COM |
Division 7. DOCUMENTS OF TITLE |
Chapter 2. Warehouse Receipts: Special Provisions |
Section 7205.
Latest version.
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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.
(Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.)