Sec. 251.005. WAREHOUSEMAN ISSUING DUPLICATE OR ADDITIONAL WAREHOUSE RECEIPT. (a) A warehouseman may not issue a duplicate or additional negotiable warehouse receipt for goods if the warehouseman knows at the time of issuance that a previously issued negotiable warehouse receipt describing the goods is outstanding and uncanceled.
(b) This section does not apply if:
(1) the word "duplicate" is plainly placed on the duplicate or additional negotiable warehouse receipt; or
(2) goods described in the outstanding and uncanceled negotiable warehouse receipt were delivered under a court order on proof that the receipt was lost or destroyed.
(c) 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.
Section: Previous 251.001 251.002 251.003 251.004 251.005 251.006 251.007 NextLast modified: September 28, 2016