Texas § 887.701 UNLAWFUL CONVERSION; CRIMINAL PENALTY.

Texas Statutes

§ 887.701 — UNLAWFUL CONVERSION; CRIMINAL PENALTY.

Texas § 887.701

Code INInsurance Code

This text of Texas § 887.701 (UNLAWFUL CONVERSION; CRIMINAL PENALTY.) 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. Insurance Code Code Ann. § 887.701 (2026).

Text

Sec. 887.701. UNLAWFUL CONVERSION; CRIMINAL PENALTY.

(a)A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person:

(1)fraudulently takes, misapplies, or converts to the person's own use any money, property, or other item of value belonging to the association or coming into the person's custody, control, or possession by virtue of the person's office, agency, or employment;

(2)conceals any item described by Subdivision (1) with the intent to take, misapply, or convert the item to the person's own use; or

(3)pays or delivers any item described by Subdivision (1) to any other person, knowing that the other person is not entitled to receive the item.

(b)An offense under this section is punishable by imprisonment in the Te

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Sec. 887.701. UNLAWFUL CONVERSION; CRIMINAL PENALTY. (a) A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person:
(1) fraudulently takes, misapplies, or converts to the person's own use any money, property, or other item of value belonging to the association or coming into the person's custody, control, or possession by virtue of the person's office, agency, or employment;
(2) conceals any item described by Subdivision (1) with the intent to take, misapply, or convert the item to the person's own use; or
(3) pays or delivers any item described by Subdivision (1) to any other person, knowing that the other person is not entitled to receive the item.
(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 25.123, eff. September 1, 2009.