Texas Business & Commerce Code
§ 251.004 — WAREHOUSEMAN ISSUING WAREHOUSE RECEIPT WITHOUT CONTROL OF GOODS
BC § 251.004Title 7. RECEIPTS, DOCUMENTS OF TITLE, AND OTHER INSTRUMENTS · Ch. 251. WAREHOUSE RECEIPTS
Statute text
View on source(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.
Legislative history
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.