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2023 Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
Section 6A-7-205. - Title under warehouse receipt defeated in certain cases.
Universal Citation:
RI Gen L § 6A-7-205. (2023)
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§ 6A-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.
History of Section.
P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.
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