New Jersey § 12a:7-207
Full text of New Jersey New Jersey Statutes § 12a:7-207, with citation guidance and answers to common questions.
§ 12a:7-207.
a. 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. b. 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.
Frequently Asked Questions About New Jersey § 12a:7-207
What does New Jersey Statutes § 12a:7-207 cover?
Section 12a:7-207 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:7-207?
A common citation format is "New Jersey Statutes § 12a:7-207" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:7-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.