2023 Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
Section 6A-7-207. - Goods must be kept separate — Fungible goods.

Universal Citation:
RI Gen L § 6A-7-207. (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

§ 6A-7-207. Goods must be kept separate — Fungible goods.

(a) Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods. However, different lots of fungible goods may be commingled.

(b) If different lots of fungible goods are commingled, the goods are owned in common by the persons entitled thereto and the warehouse is severally liable to each owner for that owner’s share. If, because of overissue, a mass of fungible goods is insufficient to meet all the receipts the warehouse has issued against it, the persons entitled include all holders to which overissued receipts have been duly negotiated.

History of Section.
P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.

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