Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 407. Uniform Commercial Code — Documents Of Title |
SubChapter II. WAREHOUSE RECEIPTS: SPECIAL PROVISIONS |
Section 407.205. Title under warehouse receipt defeated in certain cases.
Latest version.
- 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.