(7-205) Title under warehouse receipt defeated in certain cases

N.D. Cent. Code § 41-07-11
in effect
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41-07-11. (7-205) Title under warehouse receipt defeated in certain cases A buyer in 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c07.pdf#nameddest=41-07-11Fetched: 10/16/2026

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