12.004 – CONTROL OF VIRTUAL CURRENCY. (a) A person has
Texas Business and Commerce Code § 12.004
Summary
This law defines the criteria for a person to have control over virtual currency. It affects individuals and entities dealing with virtual currencies by outlining their rights and powers regarding benefits and restrictions on use.
Defines control of virtual currency based on specific conditions.
Grants exclusive rights to derive benefits from the currency.
Allows prevention of others from benefiting from the currency.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's CONTROL OF VIRTUAL CURRENCY. (a) A person has law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.