Alaska Statutes.
Title 45. Trade and Commerce
Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Section 205. Title Under Warehouse Receipt Defeated in Certain Cases.
previous: Section 204. Duty of Care; Contractual Limitation of Warehouseman's Liability.
next: Section 206. Termination of Storage at Warehouseman's Option.

AS 45.07.205. Title Under Warehouse Receipt Defeated in Certain Cases.

A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying and selling the goods takes free of a claim under a warehouse receipt even though it has been duly negotiated.

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.