Texas § 349.503 CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION.

Texas Statutes

§ 349.503 — CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION.

Texas § 349.503

Code FIFinance Code

This text of Texas § 349.503 (CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 349.503 (2026).

Text

Sec. 349.503. CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION.

(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.

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Sec. 349.503. CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION. (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.