30-7-205. Title under warehouse receipt defeated in certain cases. 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 such goods takes free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
History: En. Sec. 7-205, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-205; amd. Sec. 44, Ch. 575, L. 2005.
Structure Montana Code Annotated
Part 2. Warehouse Receipts -- Special Provisions
30-7-201. Person that may issue a warehouse receipt -- storage under government bond
30-7-202. Form of warehouse receipt
30-7-203. Liability for nonreceipt or misdescription
30-7-204. Duty of care -- contractual limitation of warehouse's liability
30-7-205. Title under warehouse receipt defeated in certain cases
30-7-206. Termination of storage at warehouse's option
30-7-207. Goods must be kept separate -- fungible goods