14.014 – RECEIVERSHIP AFFECTING WAREHOUSE ASSETS. (a) A
Texas Agriculture Code § 14.014
Summary
This law allows a receiver appointed for a licensed warehouse operator to manage assets without needing a separate license, provided they meet certain conditions. It primarily affects receivers handling warehouse assets during insolvency or similar proceedings.
Receivers do not need a license if bonded and insured.
Receivers must not engage in additional grain transactions.
This applies specifically to licensed warehouse operators.
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In simple terms: Learn about Texas's RECEIVERSHIP AFFECTING WAREHOUSE ASSETS. (a) A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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