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Texas Business and Commerce Code - BUS & COM § 251.003. Warehouseman Failing to State Warehouseman's Ownership of Goods on Receipt

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

(a) A warehouseman may not knowingly issue a negotiable warehouse receipt describing goods the warehouseman owns, whether solely, jointly, or in common, and is storing, unless the warehouseman states the warehouseman's ownership of the goods on the receipt.

(b) A warehouseman who violates this section commits an offense. An offense under this section is a misdemeanor punishable by:

(1) confinement in the county jail for a term of not more than one year; or

(2) a fine not to exceed $1,000.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 251.003. Warehouseman Failing to State Warehouseman's Ownership of Goods on Receipt - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-251-003/

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