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Code · Michigan · Chapter 440 — Uniform Commercial Code

440.7205 Fungible goods; buyer's title.

76 words·~1 min read·/mi/chapter-440/440-7205

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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 warehouse that is also in the business of buying and selling those goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87 , Eff. July 1, 2013
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