{"data":{"id":"us-tx/tex.-business-commerce-code-251.007","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 251.007","heading":"FAILURE TO DISCLOSE LACK OF OWNERSHIP OF GOODS.","body":"(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.\n(b) A person who violates this section commits an offense. An offense under this section is a misdemeanor punishable by:\n(1) confinement in the county jail for a term of not more than one year;\n(2) a fine not to exceed $1,000; or\n(3) both the fine and confinement.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 7. RECEIPTS, DOCUMENTS OF TITLE, AND OTHER INSTRUMENTS","CHAPTER 251. WAREHOUSE RECEIPTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.251.htm#251.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"0b9c0736b5d4ff40f1e984f307f0d3fb39e728db59387540784e0e7567d5d0f0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-251.006","next":"us-tx/tex.-business-commerce-code-251.008"},"notice":"GroundRules: Original legal text. Not legal advice."}