Texas Occupations Code 1956.059 – Exception: Crafted Precious Metal Acquired From or Reported to Governmental Agency
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Terms Used In Texas Occupations Code 1956.059
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: means real and personal property. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
This subchapter does not apply to crafted precious metal:
(1) acquired as surplus property from the United States, a state, a subdivision of a state, or a municipal corporation; or
(2) reported by a dealer as an acquisition or a purchase, or reported as destroyed or otherwise disposed of, to:
(A) a state agency under another law of this state; or
(B) a municipal or county office or agency under another law of this state or a municipal ordinance.