La. Stat. tit. 10 § 7-205

Current with changes from the 2024 Legislative Session
Section 10:7-205 - Title under warehouse receipt defeated in certain cases

A buyer in ordinary course of business of fungible goods sold and actually 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.

La. R.S. § 10:7-205

Added by Acts 1978, No. 164, §1, eff. 1/1/1979; Acts 2009, No. 207, §3, eff. 1/1/2010.