Tex. Bus. & Com. Code Section 251.004
Warehouseman Issuing Warehouse Receipt Without Control of Goods

(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.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Section 251.004 — Warehouseman Issuing Warehouse Receipt Without Control of Goods, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­251.­htm#251.­004 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 251.004’s source at texas​.gov