Tex. Occ. Code § 1956.055 · Subchapter B. SALE OF CRAFTED PRECIOUS METAL TO DEALERS
EXCEPTION: CRAFTED PRECIOUS METAL ACQUIRED FROM ANOTHER DEALER WHO PREVIOUSLY MADE REQUIRED REPORTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
This subchapter does not apply to crafted precious metal acquired in good faith in a transaction involving the stock-in-trade of another dealer who previously made the reports concerning that metal as required by this subchapter if:
(1) the selling dealer delivers to the acquiring dealer a written document stating that the reports have been made;
(2) the acquiring dealer submits a copy of the statement to the chief of police of the municipality or the sheriff of the county in which the selling dealer is located; and
(3) each dealer involved in the transaction retains a copy of the statement until the third anniversary of the date of the transaction.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 4, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1956.htm
- Text hash
- sha256 33dbb56d0d4c5c29f8761cc80133405df9f84be57bd04033d91ed304044fb401
- 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.