This law allows depositors to recover damages from a warehouse operator's bond or equivalent if no action is taken within 31 days of a written demand. It ensures that depositors have a legal recourse for losses due to the warehouse operator's failure to fulfill their obligations.
Depositors can recover damages if action isn't taken within 31 days.
Applies to bonds, cash, certificates of deposit, or letters of credit.
Protects depositors from warehouse operator failures.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's RECOVERY ON BOND; LIABILITY OF WAREHOUSE law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.