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Texas Business & Commerce Code - Section 35.29. Warehouseman Failing To State His Ownership Of Goods On Receipt

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 35.29. Warehouseman Failing To State His Ownership Of Goods On Receipt

§ 35.29. WAREHOUSEMAN FAILING TO STATE HIS OWNERSHIP OF GOODS ON RECEIPT. (a) A warehouseman, his officer, agent, or employee, may not knowingly issue a negotiable warehouse receipt describing goods the warehouseman owns and is storing (whether the warehouseman owns them solely, jointly, or in common) unless he states the warehouseman's ownership on the receipt. (b) A warehouseman, his officer, agent, or employee, who violates Subsection (a) of this section is guilty of a misdemeanor and upon conviction is punishable by imprisonment in the county jail for not more than one year or by a fine of not more than $1,000. Acts 1967, 60th Leg., p. 2343, ch. 785, § 1.

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Last modified: August 10, 2007