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Arkansas Code Annotated

Ark. Code Ann. § 4-7-205 (2020)

Title under warehouse receipt defeated in certain cases

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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.

History. Acts 2007, No. 342, § 1.

Research References

Ark. L. Notes.

Pedersen, Crop Financing: A Guide to Arkansas Law, 1988 Ark. L. Notes 31.

U. Ark. Little Rock L.J.

Legislative Survey, Business Law, 4 U. Ark. Little Rock L.J. 579.

Case Notes

Cited: Farm Bureau Mut. Ins. Co. v. Wright, 285 Ark. 228, 686 S.W.2d 778 (1985); In re Bearhouse, Inc., 84 B.R. 552 (Bankr. W.D. Ark. 1988).

Notes of Decisions
Cited in 1 case, 1988–1988 · leading case: Farmers Rice Milling Co. v. Hawkins (In Re Bearhouse, Inc.), 84 B.R. 552 (Bankr. W.D. Ark. 1988).
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Farmers Rice Milling Co. v. Hawkins (In Re Bearhouse, Inc.), 84 B.R. 552 (Bankr. W.D. Ark. 1988). · cites it 2× “The trustee asserts a right of setoff in this amount. FRM argues that the open contract dated October 14, 1986, is void because Bear-house failed to deliver the rice by December 1, 1986, as agreed.”
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