Virginia Code § 8.7-205

Title under warehouse receipt defeated in certain cases
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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 such goods takes the goods free of any claim under a warehouse receipt even though the receipt is negotiable and has been duly negotiated.
1964, c. 219; 2004, c. 200.

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