Title under warehouse receipt defeated in certain cases

Ind. Code § 26-1-7-205
in effect
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Sec. 205. 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. Formerly: Acts 1963, c.317, s.7-205. As amended by P.L.143-2007, SEC.34.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

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