1. (a) A warehouse operator shall not issue a warehouse receipt to anyone other than a depositor as defined by the Texas Agriculture Code (the code) §14.001(a), (1) and the code, §14.054 (b).
2. (b) A warehouse operator shall not issue a warehouse receipt to a bank or financial institution unless the bank or institution fulfills the requirements of a depositor.
3. (c) If a receipt is lost or destroyed and is already canceled, the warehouse operator must provide to the department a notarized statement that the receipt was properly canceled.
4. (d) The warehouse operator shall not store, maintain, keep or otherwise be in possession of an issued receipt that has not been cancelled except receipts made out in the name of the warehouse operator.
5. (e) Any receipt returned to the grain warehouse operator must be canceled at the time it is received. The warehouse operator shall write the word "Cancel" across the front of the receipt.
6. (f) A warehouse operator shall not issue a warehouse receipt for grain that is approved for temporary storage.
7. (g) Warehouse receipted grain must be kept in storage by the operator until the warehouse receipt is canceled.

Source Note:The provisions of this §13.12 adopted to be effective May 17, 2004, 29 TexReg 4755.