Title under warehouse receipt defeated in certain cases

Wis. Stat. § 407.205
in effect
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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: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/407.205Fetched: 10/7/2026