                                 CODE OF VIRGINIA

GOODS MUST BE KEPT SEPARATE; FUNGIBLE GOODS (§ 8.7-207)

1. Unless the warehouse receipt otherwise provides, a warehouseman must keep
separate the goods covered by each receipt so as to permit at all times
identification and delivery of those goods except that different lots of
fungible goods may be commingled.

2. Fungible goods so commingled are owned in common by the persons entitled
thereto and the warehouseman is severally liable to each owner for that
owner&#8217;s share. Where because of overissue a mass of fungible goods is
insufficient to meet all the receipts which the warehouseman has issued against
it, the persons entitled include all holders to whom overissued receipts have
been duly negotiated.

HISTORY: Code 1950, §§ 61-25, 61-26; 1964, c. 219.