47-7-205 - Title under warehouse receipt defeated in certain cases. - Tennessee Statutes

47-7-205. 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.

[Acts 2008, ch. 814, § 1.]