Tex. Rev. Civ. Stat. art. 8653 · Chapter 5. COMMODITY EXCHANGES
FUTURE CONTRACTS INVALID.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Any contract of sale for future delivery of cotton, grain, stocks, or other commodities where it is not the bona fide intention of parties that the things mentioned therein are to be delivered but which is to be settled according to or upon the basis of the public market quotations or prices made on any board of trade, exchange, or other similar institution, without any actual bona fide execution and the carrying out of such contract upon the floor of such exchange, board of trade or similar institution, in accordance with the rules thereof, shall be null and void and unenforceable in any court of this State, and no action shall be maintainable thereon at the suit of any party.
Notes and commentary — not statutory text
History
Acts 1925, 39th Leg., p. 38, ch. 15, Sec. 3.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CV/htm/CV.132.5.htm
- Text hash
- sha256 10b6d24647e675c79cae8dd13ad1766fe283f341f2ec7c23e71cd1006ea3e88e
- 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.