Tex. Bus. & Com. Code § 622.052 · Subchapter B. APPLICABILITY OF CHAPTER
PRIZE VALUE LESS THAN $50,000.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This chapter does not apply to a sweepstakes in which the value of the most valuable prize is less than $50,000.
(b) For purposes of this section, the value of a prize is the greatest of the prize's:
(1) face value;
(2) fair market value; or
(3) present financial value.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.622.htm
- Text hash
- sha256 db942018edb46be5dcf2073d23cbe461cdcfe346947f73ec6de60be976d54222
- 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
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.