Tex. Bus. & Com. Code § 2.505 · Subchapter E. PERFORMANCE
SELLER'S SHIPMENT UNDER RESERVATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Where the seller has identified goods to the contract by or before shipment:
(1) his procurement of a negotiable bill of lading to his own order or otherwise reserves in him a security interest in the goods. His procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller's expectation of transferring that interest to the person named.
(2) a non-negotiable bill of lading to himself or his nominee reserves possession of the goods as security but except in a case of conditional delivery (Subsection (b) of Section 2.507) a non-negotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession or control of the bill of lading.
(b) When shipment by the seller with reservation of a security interest is in violation of the contract for sale it constitutes an improper contract for transportation within the preceding section but impairs neither the rights given to the buyer by shipment and identification of the goods to the contract nor the seller's powers as a holder of a negotiable document of title.
Notes and commentary — not statutory text
History
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.
Amended by:
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 8, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.2.htm
- Text hash
- sha256 8e8535d7acc2bd04f98e2d77f0374ea68efc2234331fc076c995e20ece516b57
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 9 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 2.505. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 1.201GENERAL DEFINITIONS.Printed as Section 2.505
- Tex. Bus. & Com. Code § 2.509RISK OF LOSS IN THE ABSENCE OF BREACH.Printed as Section 2.505
- Tex. Bus. & Com. Code § 9.102DEFINITIONS AND INDEX OF DEFINITIONS.Printed as Section 2.401, 2.505, 2.711(c), 2A.508(e), 4.210, or 5.118
- Tex. Bus. & Com. Code § 9.109SCOPE.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e)
- Tex. Bus. & Com. Code § 9.110SECURITY INTERESTS ARISING UNDER CHAPTER 2 OR 2A.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e)
- Tex. Bus. & Com. Code § 9.309SECURITY INTEREST PERFECTED UPON ATTACHMENT.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e)
Parks and Wildlife Code
- Tex. Parks & Wild. Code § 31.003DEFINITIONS.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e), Business & Commerce Code | Section 2.505, Business & Commerce Code
- Tex. Parks & Wild. Code § 31.0445DEFINITIONS.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e), Business & Commerce Code
- Tex. Parks & Wild. Code § 31.0569PERFECTION OF SECURITY INTEREST.Printed as Section 2.401, 2.505, 2.711(c), or 2A.508(e), Business & Commerce Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.