IC 26-1-7-205 : Title under warehouse receipt defeated in certain cases

Sec. 205. 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 the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.

Formerly: Acts 1963, c.317, s.7-205. As amended by P.L.143-2007, SEC.34.