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Texas Agriculture Code - AGRIC § 14A.009. Cotton Under Lien

Current as of January 01, 2024 | Updated by FindLaw Staff

A person who buys, sells, or deals with cotton on which a lien or encumbrance exists is not liable for conversion of the cotton if:

(1) the cotton is stored in a warehouse or is evidenced by a negotiable warehouse receipt issued by a public warehouse operator; and

(2) the person did not have actual knowledge of the lien or encumbrance at the time of the alleged conversion.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 14A.009. Cotton Under Lien - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-14a-009/

Read this complete Texas Agriculture Code - AGRIC § 14A.009. Cotton Under Lien on Westlaw. Westlaw subscription required.

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