32.33[2/2] – HINDERING SECURED CREDITORS. (a) For purposes of
Texas Penal Code § 32.33[2/2]
Summary
This law establishes a presumption of intent to appropriate proceeds if a person fails to deliver or account for them within 11 days of a secured party's demand. It primarily affects individuals who handle proceeds from secured transactions and may face legal consequences for non-compliance.
Presumption of intent if proceeds are not delivered within 11 days.
Applies to proceeds from sales or dispositions of secured goods.
Violations can result in a Class C misdemeanor charge.
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In simple terms: Learn about Texas's HINDERING SECURED CREDITORS. (a) For purposes 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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