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Texas Statutes (Last Updated: January 4, 2014) |
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BUSINESS AND COMMERCE CODE |
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Title 7. RECEIPTS, DOCUMENTS OF TITLE, AND OTHER INSTRUMENTS |
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Chapter 251. WAREHOUSE RECEIPTS |
Sec. 251.005. WAREHOUSEMAN ISSUING DUPLICATE OR ADDITIONAL WAREHOUSE RECEIPT
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(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.