§ 7-207. Goods Must be Kept Separate; Fungible Goods
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 7-207
§ 7-207. Goods Must be Kept Separate; Fungible Goods
Goods Must be Kept Separate; Fungible Goods.
(b) If different lots of fungible goods are commingled, the goods are owned in common by the persons entitled thereto and the warehouse is severally liable to each owner for that owner's share. If, because of overissue, a mass of fungible goods is insufficient to meet all the receipts which the warehouse has issued against it, the persons entitled include all holders to which overissued receipts have been duly negotiated.
Credits
Laws 1961, p. 143, § 7-207; Laws 2005, c. 140, § 12, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 7-207, OK ST T. 12A § 7-207
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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