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Texas Alcoholic Beverage Code

§ 109.52 — WAREHOUSE RECEIPTS

AL § 109.52Title 4. REGULATORY AND PENAL PROVISIONS · Ch. 109. MISCELLANEOUS REGULATORY PROVISIONS · Art. D. OTHER MISCELLANEOUS PROVISIONS

Statute text

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A bank, trust company, or other financial institution that owns or possesses warehouse receipts for alcoholic beverages as security for a loan, after receiving permission from the commission or administrator, may sell the beverages to a licensee or permittee authorized to purchase them.

Legislative history

Acts 1977, 65th Leg., p. 526, ch. 194, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Alcoholic Beverage Code § 109.52 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.