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Tex. Business & Commerce Code § 251.008

FAILURE TO DISCLOSE EXISTENCE OF LIEN ON GOODS

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 251.008, FAILURE TO DISCLOSE EXISTENCE OF LIEN ON GOODS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/631144
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(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.