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Tex. Fin. Code § 349.503

CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 19, eff

(a) If a buyer in a sale-leaseback transaction requires the seller to provide a check as security for the transaction, the buyer may not file or threaten to file a charge, complaint, or criminal prosecution under Section 31.03, 31.04, or 32.41, Penal Code, based on nonpayment of the check.

(b) A buyer who violates Subsection (a) commits an offense. An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.