To the degree lawmakers have weighed in, as you say, can you point me to a citation protecting the subsequent purchaser? I don't practice in this area, but that is definitely not my understanding of the law.
This guy is wrong, which is why he isn't citing any legal authority.
As anyone who has gone to law school will tell you, you can only acquire the title that the seller has. If seller stole the goods, he doesn't have any title, so he can't transfer title to a subsequent buyer. See, e.g. UCC ยง 2-403
There are exceptions when it comes to those who have voidable title (thieves do not have voidable title).
There are also cases where courts have more or less created exceptions close to those OP has described. For example, if Best Buy receives some stolen merchandise and sells it to good faith purchasers, courts have held that the victim needs to pursue the thief/Best Buy, not the end purchaser.
But generally, OP is wrong: if you buy a stolen bike at a flea market, you don't get title and the owner can get the bike back. Think of the policy implications if the rule was as OP claims. All thieves would have to do is immediately sell stolen goods and the owners could never get them back. That would be absurd.
OP is just claiming that there exists juristrictions where his claim holds. IANALE (I am not a lawyer EVERYWHERE), so I can't really say that he's wrong. But you seem quite certain. Why?
As anyone who has gone to law school will tell you, you can only acquire the title that the seller has. If seller stole the goods, he doesn't have any title, so he can't transfer title to a subsequent buyer. See, e.g. UCC ยง 2-403
There are exceptions when it comes to those who have voidable title (thieves do not have voidable title).
There are also cases where courts have more or less created exceptions close to those OP has described. For example, if Best Buy receives some stolen merchandise and sells it to good faith purchasers, courts have held that the victim needs to pursue the thief/Best Buy, not the end purchaser.
But generally, OP is wrong: if you buy a stolen bike at a flea market, you don't get title and the owner can get the bike back. Think of the policy implications if the rule was as OP claims. All thieves would have to do is immediately sell stolen goods and the owners could never get them back. That would be absurd.