§ 6A-7-205. Title under warehouse receipt defeated in certain cases.
A buyer in 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 the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
History of Section.P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
Section 6A-7-201. - Person that may issue a warehouse receipt — Storage under bond.
Section 6A-7-202. - Form of warehouse receipt — Effect of omission.
Section 6A-7-203. - Liability for nonreceipt or misdescription.
Section 6A-7-204. - Duty of care — Contractual limitation of warehouse’s liability.
Section 6A-7-205. - Title under warehouse receipt defeated in certain cases.
Section 6A-7-206. - Termination of storage at warehouse’s option.
Section 6A-7-207. - Goods must be kept separate — Fungible goods.
Section 6A-7-208. - Altered warehouse receipts.