31.08 – VALUE. (a) Subject to the additional criteria of
Texas Penal Code § 31.08
Summary
This law defines how to determine the value of property or services involved in theft offenses. It affects cases where the fair market value is not easily ascertainable, providing an alternative method for valuation based on replacement cost.
Value is based on fair market value at the time of the offense.
If fair market value is unknown, replacement cost can be used.
Specific rules apply for documents without readily ascertainable market value.
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In simple terms: Learn about Texas's VALUE. (a) Subject to the additional criteria of 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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