75-7-205 - Title under warehouse receipt defeated in certain cases. - Mississippi Statutes

§ 75-7-205. 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 the goods takes free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated. 
 

Sources: Codes, 1942, § 41A:7-205; Laws,  1966, ch. 316, § 7-205; Laws, 2006, ch. 527, § 10, eff from and after July 1, 2006.