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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Occupations Code - OCC § 1956.055. Exception: Crafted Precious Metal Acquired From Another Dealer Who Previously Made Required Reports - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-1956-055/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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