Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.07-206

Section 400.7-207.1

400.07-208→

August 28, 2015

Goods must be kept separate--fungible goods.

400.7-207. (1) Unless the warehouse receipt otherwise provides, a

warehouseman must keep separate the goods covered by each receipt so as to

permit at all times identification and delivery of those goods except that

different lots of fungible goods may be commingled.



(2) Fungible goods so commingled are owned in common by the persons

entitled thereto and the warehouseman is severally liable to each owner for

that owner's share. Where because of overissue a mass of fungible goods is

insufficient to meet all the receipts which the warehouseman has issued

against it, the persons entitled include all holders to whom overissued

receipts have been duly negotiated.



(L. 1963 p. 503 § 7-207)







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