A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling the goods takes free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 7 - Uniform Commercial Code-Documents of Title
Part 2 - . Warehouse Receipts: Special Provisions
§ 75-7-201. Who may issue a warehouse receipt; storage under government bond
§ 75-7-202. Form of warehouse receipt; essential terms; optional terms
§ 75-7-203. Liability for nonreceipt or misdescription
§ 75-7-205. Title under warehouse receipt defeated in certain cases
§ 75-7-206. Termination of storage at warehouse's option
§ 75-7-207. Goods must be kept separate; fungible goods