Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.7. Commercial Code - Warehouse Receipts, Bills of Lading and Other Documents of Title |
PART 2. Warehouse Receipts: Special Provisions |
SECTION 8.7-205. Title under warehouse receipt defeated in certain cases |
A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even though the receipt is negotiable and has been duly negotiated. 1964, c. 219; 2004, c. 200 . |