Kentucky Statutes 355.7-205 – Title under warehouse receipt defeated in certain cases
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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 such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Effective: July 12, 2012
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 11, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-205, effective July 1, 1960.
Effective: July 12, 2012
Terms Used In Kentucky Statutes 355.7-205
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Kentucky Statutes 355.7-102
- Warehouse: means a person engaged in the business of storing goods for hire. See Kentucky Statutes 355.7-102
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 11, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-205, effective July 1, 1960.