Tex. Agric. Code § 148.022 · Subchapter C. PAYMENT FOR LIVESTOCK PURCHASED FOR SLAUGHTER
TIME AND METHOD OF PAYMENT FOR PURCHASES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided by this section or by agreement, a meat processor, or any other person, who purchases cattle, sheep, goats, or hogs for slaughter shall make payment for the livestock by:
(1) cash or check for the purchase price actually delivered to the seller or the seller's representative at the location where the purchaser takes physical possession of the livestock and on the day of the transaction; or
(2) wire transfer of funds on the business day on which possession of the livestock is transferred.
(b) If transfer of possession of the livestock is accomplished after normal banking hours, the purchaser shall make payment no later than the close of the first business day following the transfer of possession.
(c) If the livestock is purchased on the basis of grade and yield, the purchaser shall make payment by wire transfer of funds no later than the close of the first business day following determination of the grade and yield.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1387, 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.148.htm
- Text hash
- sha256 16d1df4eb105122d5614ccfc6023a6bb119f2bd55bb74928e12e77a7c38d15d7
- 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 1 provision
Provisions in this library whose text cites Tex. Agric. Code § 148.022. Each shows the citation as that text prints it.
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.