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Texas Business and Commerce Code - BUS & COM § 251.004. Warehouseman Issuing Warehouse Receipt Without Control of Goods

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

(a) A warehouseman may not issue a warehouse receipt for goods if the warehouseman knows at the time of issuance that the goods described in the receipt are not under the warehouseman's control.

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

(1) imprisonment in the Texas Department of Criminal Justice for a term of not more than five years;

(2) a fine not to exceed $5,000; or

(3) both the fine and imprisonment.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 251.004. Warehouseman Issuing Warehouse Receipt Without Control of Goods - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-251-004/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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