Sec. 14A.008. EXCHANGE OF COTTON RECEIPTS. (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.
Renumbered from Sec. 14.210 and amended by Acts 2001, 77th Leg., ch. 1124, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 2 - Department of Agriculture
Chapter 14A - Other Public Warehouse Operators
Section 14A.002. Certificate to Transact Business
Section 14A.003. Application for Certificate
Section 14A.006. Receipt for Cotton
Section 14A.0065. Receipt for Grapes
Section 14A.007. Duplicate Receipts
Section 14A.008. Exchange of Cotton Receipts
Section 14A.009. Cotton Under Lien
Section 14A.010. Receipt to Be Issued Only on Delivery