Home Table of Contents

§ 7207. Goods must be kept separate; fungible goods

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: June 16, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 7. Warehouse Receipts, Bills of Lading and Other Documents of Title (Refs & Annos)
Chapter 72. Warehouse Receipts: Special Provisions (Refs & Annos)
Effective: June 16, 2008
13 Pa.C.S.A. § 7207
§ 7207. Goods must be kept separate; fungible goods
Currentness
(a) Separation.--
(1) Unless the warehouse receipt provides otherwise, except as set forth in paragraph (2), a warehouse shall keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods.
(2) Different lots of fungible goods may be commingled.
(b) Fungible goods.--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 the warehouse has issued against it, the persons entitled include all holders to which overissued receipts have been duly negotiated.

Credits

2008, April 16, P.L. 57, No. 13, § 13, effective in 60 days [June 16, 2008].
13 Pa.C.S.A. § 7207, PA ST 13 Pa.C.S.A. § 7207
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document