Nevada § 104.7207 - Goods must be kept separate; fungible goods

§ 104.7207. Goods must be kept separate; fungible goods

1. Unless the warehouse receipt provides otherwise, a warehouse shall keep separate

the goods covered by each receipt so as to permit at all times identification and

delivery of those goods. However, different lots of fungible goods may be commingled. 2. 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.