Cal. Com. Code § 7205

7205

Effective Jan 1, 2007Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.

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.

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