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15 U.S.C. · Commerce and Trade
15 U.S.C. § 714p

Release of innocent purchasers of converted goods

Ch. 15 — ECONOMIC RECOVERY
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 15
Statutory Text

15 U.S.C. § 714p — Release of innocent purchasers of converted goods

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 15 - ECONOMIC RECOVERY SUBCHAPTER II - COMMODITY CREDIT CORPORATION Sec. 714p - Release of innocent purchasers of converted goods From the U.S. Government Publishing Office, www.gpo.gov

§714p. Release of innocent purchasers of converted goods

A buyer in the ordinary course of business of fungible goods sold and physically delivered by a warehouseman or other dealer who was regularly engaged in the business of buying and selling such goods shall take or be deemed to have taken such goods free of any claim, existing or hereafter arising, by Commodity Credit Corporation, based on the want of authority in the seller to sell such goods, provided the buyer purchased such goods for value in good faith and did not know or have reason to know of any defect in the seller's authority to sell such goods. To be entitled to relief under this section a buyer must assert as an affirmative defense and establish by a preponderance of the evidence the facts necessary to entitle him to such relief.

(June 29, 1948, ch. 704, §19, as added May 23, 1955, ch. 46, 69 Stat. 65.)

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC15-SEC-E0FE86
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
15 U.S.C. § 714p
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
8d5b540e0b634746...
Semantic Edges
Pending — corpus passes queued
The statutory text of 15 U.S.C. § 714p is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 714o 15 U.S.C. § 715 →
Ch. 15 — ECONOMIC RECOVERY
15 U.S.C. § 70115 U.S.C. § 70215 U.S.C. § 70315 U.S.C. § 712a15 U.S.C. § 71315 U.S.C. § 713a15 U.S.C. § 713a115 U.S.C. § 713a315 U.S.C. § 713a415 U.S.C. § 713a515 U.S.C. § 713a615 U.S.C. § 713a715 U.S.C. § 713a815 U.S.C. § 713a915 U.S.C. § 713a1015 U.S.C. § 713a1115 U.S.C. § 713a11a15 U.S.C. § 713a1215 U.S.C. § 713a1315 U.S.C. § 713a1415 U.S.C. § 713b15 U.S.C. § 713c15 U.S.C. § 713c115 U.S.C. § 713c215 U.S.C. § 713c315 U.S.C. § 713d15 U.S.C. § 713d115 U.S.C. § 713d215 U.S.C. § 713d315 U.S.C. § 714
15 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 15 → 15 U.S.C. § 714p