(a) Except as provided by this section, a person commits an offense if the person:
(1) sells, offers to sell, or offers as security for an obligation a motor vehicle registered in this state; and
(2) does not possess the title receipt or certificate of title for the vehicle.
(b) It is not a violation of this section for the beneficial owner of a vehicle to sell or offer to sell a vehicle without having possession of the title to the vehicle if the sole reason he or she does not have possession of the title is that the title is in the possession of a lienholder who has not complied with the terms of § 501.115(a).

Terms Used In Texas Transportation Code 501.152

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005