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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Section 205. Title Under Warehouse Receipt Defeated in Certain Cases.
previous: Section 204. Duty of Care; Contractual Limitation of Warehouseman's Liability.
next: Section 206. Termination of Storage at Warehouseman's Option.

AS 45.07.205. 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 the goods takes free of a claim under a warehouse receipt even though it has been duly negotiated.


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Last modified 9/3/2005