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Texas Business and Commerce Code - BUS & COM § 251.005. Warehouseman Issuing Duplicate or Additional Warehouse Receipt

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

(a) A warehouseman may not issue a duplicate or additional negotiable warehouse receipt for goods if the warehouseman knows at the time of issuance that a previously issued negotiable warehouse receipt describing the goods is outstanding and uncanceled.

(b) This section does not apply if:

(1) the word “duplicate” is plainly placed on the duplicate or additional negotiable warehouse receipt;  or

(2) goods described in the outstanding and uncanceled negotiable warehouse receipt were delivered under a court order on proof that the receipt was lost or destroyed.

(c) 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 § 251.005. Warehouseman Issuing Duplicate or Additional Warehouse Receipt - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-251-005/

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