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Texas Agriculture Code - Section 14A.006. Receipt For Cotton

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§ 14A.006. RECEIPT FOR COTTON.  (a) A public warehouse 
operator shall issue a warehouse receipt to any person who deposits 
cotton in the warehouse operator's warehouse and requests a 
receipt.
	(b)  The receipt shall contain:                                                
		(1)  all information required to be included on a 
receipt by Section 14A.005;
		(2)  the date on which the cotton was received in the 
warehouse;            
		(3)  a statement that the cotton represented by the 
receipt is deliverable on return of the receipt properly endorsed 
and payment of charges for storage and insurance stated on the face 
of the receipt;  and
		(4)  a statement of the grade and staple of the cotton 
represented by the receipt.
	(c)  The statement of grade and staple of cotton required on 
receipts by this section shall be determined by a licensed public 
cotton classer.  The public warehouse operator may not charge the 
depositor of the cotton more than 25 cents per bale for the 
statement.  If no licensed public cotton classer is available, the 
warehouse operator may issue a temporary receipt that:
		(1)  does not contain a statement of grade and staple of 
the cotton;        
		(2)  has the words "temporary receipt" clearly stamped 
on its face;  and    
		(3)  is exchangeable at any time after five days from 
the date of its issuance for a permanent warehouse receipt 
containing all information required by Subsection (b).
	(d)  Failure or neglect by a public warehouse operator to 
comply with the provisions of this section is a ground for 
revocation of a certificate to transact business as a public 
warehouse operator.

Acts 1981, 67th Leg., p. 1066, ch. 388, § 1, eff. Sept. 1, 1981.  
Renumbered from V.T.C.A., Agriculture Code § 14.208 and amended 
by Acts 2001, 77th Leg., ch. 1124, § 1, eff. Sept. 1, 2001.

Last modified: August 10, 2007