(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 Maryland Statutes
Subtitle 2 - Warehouse Receipts; Special Provisions
Section 7-201 - Who May Issue a Warehouse Receipt; Storage Under Government Bond
Section 7-202 - Form of Warehouse Receipt; Essential Terms; Optional Terms
Section 7-203 - Liability for Nonreceipt or Misdescription
Section 7-204 - Duty of Care; Contractual Limitation of Liability of Warehouse
Section 7-205 - Title Under Warehouse Receipt Defeated in Certain Cases
Section 7-206 - Termination of Storage at Option of Warehouse
Section 7-207 - Goods Must Be Kept Separate; Fungible Goods
Section 7-208 - Altered Warehouse Receipts