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2020 Louisiana Laws
Revised Statutes
Title 10 - Commercial Laws
§7-205. Title under warehouse receipt defeated in certain cases
Universal Citation: LA Rev Stat § 10:7-205 (2020)
RS 7-205 - Title under warehouse receipt defeated in certain cases
A buyer in ordinary course of business of fungible goods sold and actually 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.
Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
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