Texas Business & Commerce Code

§ 7.401 — IRREGULARITIES IN ISSUE OF RECEIPT OR BILL OR CONDUCT OF ISSUER

BC § 7.401Title 1. UNIFORM COMMERCIAL CODE · Ch. 7. DOCUMENTS OF TITLE · Art. D. WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS

Statute text

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The obligations imposed by this chapter on an issuer apply to a document of title even if:

(1)the document does not comply with the requirements of this chapter or of any other statute, rule, or regulation regarding its issue, form, or content;

(2)the issuer violated laws regulating the conduct of its business;

(3)the goods covered by the document were owned by the bailee when the document was issued; or

(4)the person issuing the document is not a warehouse but the document purports to be a warehouse receipt. Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967. Amended by:

Legislative history

Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.