UNIFORM COMMERCIAL CODE (EXCERPT)
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
Rendered 8/15/2025 6:05 PM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov