                                 CODE OF VIRGINIA

TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES (§ 8.7-205)

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 such goods
takes the goods free of any claim under a warehouse receipt even though the
receipt is negotiable and has been duly negotiated.

HISTORY: 1964, c. 219; 2004, c. 200.