Tex. Fin. Code § 371.053 · Subchapter B. PAWNSHOP LICENSE
VERIFICATION OF APPLICANT'S NET ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the commissioner cannot verify that an applicant meets the net assets requirement of Section 371.072, the commissioner may require a finding, including a current balance sheet, by an independent certified public accountant that:
(1) the accountant has reviewed the applicant's books and records; and
(2) the applicant meets the net assets requirement.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm
- Text hash
- sha256 6fbb7ffacf49b67957bc868791ed5a365c63c2b95dc3c35da546ba7e72fb3bc2
- 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
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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.