109.52 – WAREHOUSE RECEIPTS. A bank, trust company, or
Texas Alcoholic Beverage Code § 109.52
Summary
This law allows banks and financial institutions to sell alcoholic beverages held as collateral for loans, provided they obtain permission from the relevant commission or administrator. It primarily affects financial institutions and licensed alcohol sellers in Texas.
Banks can sell alcoholic beverages as loan collateral.
Permission from the commission is required for sales.
Applies to licensed alcohol purchasers only.
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In simple terms: Learn about Texas's WAREHOUSE RECEIPTS. A bank, trust company, or 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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