(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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
§ 4-7-201. Person that may issue a warehouse receipt — Storage under bond
§ 4-7-202. Form of warehouse receipt — Effect of omission
§ 4-7-203. Liability for nonreceipt or misdescription
§ 4-7-204. Duty of care — Contractual limitation of warehouse's liability
§ 4-7-205. Title under warehouse receipt defeated in certain cases
§ 4-7-206. Termination of storage at warehouse's option
§ 4-7-207. Goods must be kept separate — Fungible goods