Agriculture Code § 147.063

Sec. 147.063. FAILURE TO REMIT PROCEEDS OF SALE. (a) A person commits an offense if, as a livestock commission merchant, the person intentionally fails and refuses to remit the net proceeds of a sale of livestock in accordance with Section 147.004 of this code. (b) A person commits an offense if, as a livestock auction commission merchant, the person intentionally fails and refuses to remit the net proceeds of a sale of livestock in accordance with Section 147.004 of this code. (c) An offense under Subsection (a) of this section is a misdemeanor punishable by: (1) a fine of not less than $100 nor more than $1,000; (2) confinement in county jail for not less than 1 month nor more than 12 months; or (3) both fine and confinement under this subsection. (d) An offense under Subsection (b) of this section is a misdemeanor punishable by: (1) a fine of not less than $25 nor more than $100; (2) confinement in county jail for not more than 30 days; or (3) both fine and confinement under this subsection. Acts 1981, 67th Leg., p. 1383, ch. 388, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1983, 68th Leg., p. 995, ch. 235, art. 1, Sec. 5, eff. Sept. 1, 1983.