Texas § 251.007 FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS.

Texas Statutes

§ 251.007 — FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS.

Texas § 251.007

Code BCBusiness & Commerce Code

This text of Texas § 251.007 (FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business & Commerce Code Code Ann. § 251.007 (2026).

Text

Sec. 251.007. FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS.

(a)A person who obtains a negotiable warehouse receipt describing goods the person does not own may not, with intent to defraud, negotiate the receipt for value without disclosing the person's lack of ownership.

(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.

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Sec. 251.007. FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS. (a) A person who obtains a negotiable warehouse receipt describing goods the person does not own may not, with intent to defraud, negotiate the receipt for value without disclosing the person's lack of ownership.
(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.