Texas Agriculture Code

§ 14A.008 — EXCHANGE OF COTTON RECEIPTS

AG § 14A.008Title 2. DEPARTMENT OF AGRICULTURE · Ch. 14A. OTHER PUBLIC WAREHOUSE OPERATORS

Statute text

View on source

(a)A person may exchange a nonnegotiable receipt for cotton for a negotiable receipt for cotton by:

(1)returning the nonnegotiable receipt to the warehouse issuing it; and

(2)complying with the provisions of this chapter relating to negotiable receipts.

(b)When the negotiable receipt is surrendered or canceled, the public warehouse operator shall mark or stamp "canceled" in ink on the face of the receipt.

Legislative history

Renumbered from Sec. 14.210 and amended by Acts 2001, 77th Leg., ch. 1124, Sec. 1, eff. Sept. 1, 2001.