1997 Minnesota Statutes

     336.7-207 Goods must be kept separate; fungible goods.  

    (1) Unless the warehouse receipt otherwise provides, a 
 warehouse operator 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 warehouse operator 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 warehouse operator has issued against it, 
 the persons entitled include all holders to whom overissued 
 receipts have been duly negotiated.  

    HIST: 1965 c 811 s 336.7-207; 1986 c 444