Tex. Agriculture Code § 14A.008
This is the official text of Tex. Agriculture Code § 14A.008, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
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§ 14A.008. EXCHANGE OF COTTON RECEIPTS.
Official statutory text
(a) A person may exchange a nonnegotiable receipt for cotton for a negotiable receipt for cotton by:
(1) returning the nonnegotiable receipt to the warehouse issuing it; and
(2) complying with the provisions of this chapter relating to negotiable receipts.
(b) When the negotiable receipt is surrendered or canceled, the public warehouse operator shall mark or stamp "canceled" in ink on the face of the receipt.
(1) returning the nonnegotiable receipt to the warehouse issuing it; and
(2) complying with the provisions of this chapter relating to negotiable receipts.
(b) When the negotiable receipt is surrendered or canceled, the public warehouse operator shall mark or stamp "canceled" in ink on the face of the receipt.
Status: in_force · Read it on the official government site
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