Texas Agriculture Code 14.077 – Penalty for Depositing Grain Without Title
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(a) A person commits an offense if the person:
(1) deposits grain without having title to the grain or deposits grain on which there is a lien or mortgage;
(2) receives for the grain a negotiable receipt; and
(3) negotiates the receipt for value with intent to deceive and without disclosing the person’s lack of title or the existence of a lien or mortgage on the grain.
(b) An offense under this section is a felony of the second degree.
Terms Used In Texas Agriculture Code 14.077
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005