A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even though the receipt is negotiable and has been duly negotiated.
1964, c. 219; 2004, c. 200.
Structure Code of Virginia
Title 8.7 - Commercial Code - Warehouse Receipts, Bills of Lading and Other Documents of Title
§ 8.7-201. Who may issue a warehouse receipt; storage under government bond
§ 8.7-202. Form of warehouse receipt; essential terms; optional terms
§ 8.7-203. Liability for nonreceipt or misdescription
§ 8.7-204. Duty of care; contractual limitation of warehouseman's liability
§ 8.7-205. Title under warehouse receipt defeated in certain cases
§ 8.7-206. Termination of storage at warehouseman's option
§ 8.7-207. Goods must be kept separate; fungible goods
§ 8.7-208. Altered warehouse receipts