251.005 – WAREHOUSEMAN ISSUING DUPLICATE OR ADDITIONAL
Texas Business and Commerce Code § 251.005
Summary
This law prohibits warehousemen from issuing duplicate negotiable warehouse receipts if they are aware that an original receipt is still outstanding. It ensures clarity in the ownership and transfer of goods stored in warehouses, protecting both warehousemen and holders of the receipts.
Prevents issuance of duplicates if an original is outstanding.
Duplicates must be clearly marked as such.
Aims to protect rights of receipt holders.
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In simple terms: Learn about Texas's WAREHOUSEMAN ISSUING DUPLICATE OR ADDITIONAL 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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