BlackletterCalifornia law

Commercial Code § 7205

CHAPTER 2. Warehouse Receipts: Special Provisions

Current as of September 28, 2026Com. Code, § 7205Official source ↗Ask about this

Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.

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.