Section 440.7205 - Fungible goods; buyer's title. - Michigan Statutes

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962

440.7205 Fungible goods; buyer's title.

Sec. 7205.

A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying and selling such goods takes free of any claim under a warehouse receipt even though it has been duly negotiated.

History: 1962, Act 174, Eff. Jan. 1, 1964