N.J. Stat. § 12A:7-205

Current through L. 2024, c. 87.

Section 12A: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.

N.J.S. § 12A:7-205

Amended by L., c. 65,s. 2, eff. 7/1/2013.

L.1961, c.120, s.7-205.