§ 7205. Title under warehouse receipt defeated in certain cases.
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/pa/title-13/chapter-72/7205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7205. 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.
13c7205v
Cross References. Section 7205 is referred to in section 7502 of this title.
13c7206s