Texas § 2001.218 PAYMENT DUE.

Texas Statutes

§ 2001.218 — PAYMENT DUE.

Texas § 2001.218

Code OCOccupations Code

This text of Texas § 2001.218 (PAYMENT DUE.) 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. Occupations Code Code Ann. § 2001.218 (2026).

Text

Sec. 2001.218. PAYMENT DUE.

(a)Each sale or lease of bingo supplies or equipment to a license holder under this chapter must be on terms of immediate payment or on terms requiring payment not later than the 30th day after the date of actual delivery.

(b)If a payment is not made when due, the seller shall immediately notify the commission. The commission shall notify all manufacturers and distributors licensed in this state of the default.

(c)In the event of a default, a person may not sell or transfer bingo equipment or supplies to the purchaser in default on terms other than immediate payment on delivery until otherwise authorized by the commission. SUBCHAPTER G. GENERAL PROVISIONS RELATING TO COMMISSION LICENSES

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Sec. 2001.218. PAYMENT DUE. (a) Each sale or lease of bingo supplies or equipment to a license holder under this chapter must be on terms of immediate payment or on terms requiring payment not later than the 30th day after the date of actual delivery.
(b) If a payment is not made when due, the seller shall immediately notify the commission. The commission shall notify all manufacturers and distributors licensed in this state of the default.
(c) In the event of a default, a person may not sell or transfer bingo equipment or supplies to the purchaser in default on terms other than immediate payment on delivery until otherwise authorized by the commission.
SUBCHAPTER G. GENERAL PROVISIONS RELATING TO COMMISSION LICENSES