Texas § FI.152.205 - REPORTS OF CERTAIN EVENTS
Full text of Texas The Texas Constitution § FI.152.205 — REPORTS OF CERTAIN EVENTS, with citation guidance and answers to common questions.
§ FI.152.205. REPORTS OF CERTAIN EVENTS
REPORTS OF CERTAIN EVENTS. (a) A money services licensee shall file a report with the commissioner not later than the first business day after the licensee has reason to know of: (1) the filing of a petition by or against the licensee under the United States Bankruptcy Code (11 U.S.C. Sections 101-1532) for bankruptcy or reorganization; (2) the filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for the licensee's dissolution or reorganization, or the making of a general assignment for the benefit of the licensee's creditors; or (3) the commencement of a proceeding to revoke or suspend the licensee's license in a state or country in which the licensee engages in or is licensed to engage in money services business. (b) A money services licensee shall file a report with the commissioner not later than the third business day after the licensee has reason to know of the occurrence of a felony charge or conviction of: (1) the licensee or a key individual; (2) a person in control of the licensee; or (3) an authorized delegate. Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895 ), Sec. 1.01, eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.152.205
What does The Texas Constitution § FI.152.205 cover?
Section FI.152.205 ("REPORTS OF CERTAIN EVENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.152.205?
A common citation format is "The Texas Constitution § FI.152.205" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.152.205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.