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Texas Public Warehouseman Bond (Corporation)

Price: $5,000
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Texas Public Warehouseman Bond (Corporation)
The process of applying for a Texas Public Warehouseman Bond (Corporation) Surety Bond is a quick and straightforward process, typically taking only about five minutes from start to finish.

  • Texas Public Warehouseman (Corporation) is a company that provides warehousing and storage services in Texas. Operating as a public warehouse, it offers space for rent to various businesses needing storage solutions. The corporation ensures the safekeeping of goods, handles logistics, and maintains inventory for its clients, including Obligee. Serving a wide range of industries, Texas Public Warehouseman provides flexible and scalable storage options to meet diverse needs. The company is committed to delivering reliable and efficient services, leveraging its expertise in warehousing to support the operational requirements of its customers, including those of Obligee.

To purchase your Texas Public Warehouseman Bond (Corporation) simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.

Securing a Texas Public Warehouseman Bond (Corporation) surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.

Note: If the bond requires underwriting, it may take up to 24 hours.
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The State of TX

Surety Bond Details

State: TX
Category:
Class:
Obligee: Generic Obligee
Amount: $5,000

Cost: $5,000

The State of TX
State:
TX
Category:
Obligee:
Generic Obligee
Amount:
$5,000
Duration:
Expiration:
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Texas Public Warehouseman Bond (Corporation) Details

To summarize and get the requirements for a Texas Public Warehouseman Bond (Corporation), we need to consider the relevant laws and regulations. Here are the key points:

1. Licensing Requirements:

  • A person must obtain a license from the Texas Department of Agriculture to operate a public grain warehouse. This license must be in the person's name covering the warehouse[1].

2. Bonding Requirements:

  • The bonding requirement for a grain warehouse is a flat rate of 10 cents per bushel of rated storage capacity, with a minimum bond amount of $35,000[2].

3. Regulatory Powers:

  • The Texas Department of Agriculture has the authority to:
    • License multiple warehouses[1].
    • Classify grain by category and adopt rules for storage, shipping, and handling[1].
    • Seal or post as sealed warehouses that are unsafe for inspection or unsuitable for grain storage[1].
    • Enter facilities to examine records and inspect grain[1].
    • Determine the suitability of warehouses for storing, shipping, or handling grain[1].
    • Regulate temporary storage of grain in non-warehouse locations[1].
    • Require segregation of grain requiring identity preservation[1].

4. Warehouse Receipts and Liens:

  • A warehouse's lien on goods may be enforced only if certain requirements are met:
    • Notification must be given to all known claimants, including an itemized statement of the claim and a demand for payment[3].
    • The sale must conform to the terms of the notification and be held at a suitable place[3].
    • An advertisement of the sale must be published in a newspaper of general circulation or posted conspicuously[3].
    • The sale must take place at least 15 days after the first publication[3].
    • The warehouse must hold the balance of the proceeds for delivery on demand to any person entitled to the goods[3].

5. Inspection and Compliance:

  • The Texas Department of Agriculture can inspect facilities, examine records, and determine compliance with regulations[1].
  • Warehouse operators must notify the department regarding handling of hazardous commodities, existing hazards to inspection, and changes in ownership or management[1].

These requirements ensure that public grain warehouses in Texas operate safely and transparently, protecting the interests of farmers and other depositors.

 

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