Sec. 251.004. WAREHOUSEMAN ISSUING WAREHOUSE RECEIPT WITHOUT CONTROL OF GOODS. (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.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 7 - Receipts, Documents of Title, and Other Instruments
Chapter 251 - Warehouse Receipts
Section 251.002. Warehouseman Issuing Fraudulent Warehouse Receipt
Section 251.003. Warehouseman Failing to State Warehouseman's Ownership of Goods on Receipt
Section 251.004. Warehouseman Issuing Warehouse Receipt Without Control of Goods
Section 251.005. Warehouseman Issuing Duplicate or Additional Warehouse Receipt
Section 251.006. Warehouseman Wrongfully Delivering Goods
Section 251.007. Failure to Disclose Lack of Ownership of Goods
Section 251.008. Failure to Disclose Existence of Lien on Goods