§490:7-207  Goods must be kept separate;
fungible goods.  (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. [L 2004, c 163,
pt of §1]