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Texas Agriculture Code

§ 14.014 — RECEIVERSHIP AFFECTING WAREHOUSE ASSETS

AG § 14.014Title 2. DEPARTMENT OF AGRICULTURE · Ch. 14. REGULATION OF PUBLIC GRAIN WAREHOUSE OPERATORS · Art. B. GENERAL PROVISIONS

Statute text

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(a)A person appointed receiver for the assets of a warehouse operator licensed under this chapter is not required to obtain a license from the department if the person:
(1)is bonded and insured as described by Subsection (b); and
(2)after being appointed, does not:
(A)receive additional grain for storing for hire, handling for hire, or shipping for hire; or
(B)purchase grain for resale.
(b)A person appointed receiver shall maintain:

Legislative history

Amended by Acts 2001, 77th Leg., ch. 1124, Sec. 1, eff. Sept. 1, 2001.