Section 7.401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer The obligations imposed by this chapter on an issuer apply to a document of title even if:
(1) the document does not comply with the requirements of this chapter or of any other statute, rule, or regulation regarding its issue, form, or content;(2) the issuer violated laws regulating the conduct of its business;(3) the goods covered by the document were owned by the bailee when the document was issued; or(4) the person issuing the document is not a warehouse but the document purports to be a warehouse receipt.Tex. Bus. and Comm. Code § 7.401
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.