Tex. Agric. Code § 147.004 · Subchapter A. GENERAL PROVISIONS
REMITTANCE OF SALE PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Within 48 hours after the sale of consigned livestock, a commission merchant shall:
(1) remit the net proceeds of the sale to each person entitled to receive those proceeds or to another person to whom the person directs that the proceeds be paid; or
(2) if requested by a person, deposit the proceeds due that person to the credit of that person in a state or national bank in the city or county of the commission merchant's principal place of business.
(b) In calculating the time allowed for remittance of proceeds under this section by a livestock commission merchant, Sundays, holidays, and the day of sale are excluded. In calculating the time allowed for remittance of proceeds under this section by a livestock auction commission merchant, Sundays, holidays, and the day of sale are included.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1379, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.147.htm
- Text hash
- sha256 74d90e8325266dfb5893c5e816415287ac7e1a3b9dee7361c0e0b96f4fa84d84
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Agric. Code § 147.004. Each shows the citation as that text prints it.
Agriculture Code
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