Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 7.205 - Title Under Warehouse Receipt Defeated in Certain Cases A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Tex. Bus. and Comm. Code § 7.205
Amended By Acts 2005, 79th Leg., Ch. 122, Sec. 1, eff. 9/1/2005. Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. 9/1/1967.