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Texas Business & Commerce Code - Section 9.319. Rights And Title Of Consignee With Respect To Creditors And Purchasers

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 9.319. Rights And Title Of Consignee With Respect To Creditors And Purchasers

§ 9.319. RIGHTS AND TITLE OF CONSIGNEE WITH RESPECT TO 
CREDITORS AND PURCHASERS.  (a) Except as otherwise provided in 
Subsection (b), for purposes of determining the rights of creditors 
of, and purchasers for value of goods from, a consignee, while the 
goods are in the possession of the consignee, the consignee is 
deemed to have rights and title to the goods identical to those the 
consignor had or had power to transfer.
	(b)  For purposes of determining the rights of a creditor of 
a consignee, law other than this chapter determines the rights and 
title of a consignee while goods are in the consignee's possession 
if, under this subchapter, a perfected security interest held by 
the consignor would have priority over the rights of the creditor.

Amended by Acts 1999, 76th Leg., ch. 414, § 1.01, eff. July 1, 
2001.     

Last modified: August 11, 2007