2001.003 – DESTRUCTION OF DIE, MOLD, OR FORM NOT OWNED BY
Texas Business and Commerce Code § 2001.003
Summary
This law allows molders to destroy dies, molds, or forms not owned by them if the owner fails to act after receiving notice. Specifically, if the owner does not take possession or arrange for storage within 121 days, the molder can proceed with destruction. This affects molders and owners of dies, molds, or forms in Texas.
Molders can destroy unclaimed dies, molds, or forms after 121 days.
Owners must act within 121 days to prevent destruction.
Notice must be sent to the owner before destruction.
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In simple terms: Learn about Texas's DESTRUCTION OF DIE, MOLD, OR FORM NOT OWNED BY law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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