Tex. Business & Commerce Code § 251.008
This is the official text of Tex. Business & Commerce Code § 251.008, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 251.008. FAILURE TO DISCLOSE EXISTENCE OF LIEN ON GOODS.
Official statutory text
(a) A person who obtains a negotiable warehouse receipt describing goods subject to a lien may not, with intent to defraud, negotiate the receipt for value without disclosing the lien's existence.
(b) A person who violates this section commits an offense. An offense under this section is a misdemeanor punishable by:
(1) confinement in the county jail for a term of not more than one year;
(2) a fine not to exceed $1,000; or
(3) both the fine and confinement.
(b) A person who violates this section commits an offense. An offense under this section is a misdemeanor punishable by:
(1) confinement in the county jail for a term of not more than one year;
(2) a fine not to exceed $1,000; or
(3) both the fine and confinement.
Status: in_force · Read it on the official government site
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