MCL - Section 440.7205
Act 174 of 1962
440.7205 Fungible goods; buyer's title.
Sec. 7205.
A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling those goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
History: 1962, Act 174, Eff. Jan. 1, 1964
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Am. 2012, Act 87, Eff. July 1, 2013