Texas § OC.1956.051 - DEFINITIONS
Full text of Texas The Texas Constitution § OC.1956.051 — DEFINITIONS, with citation guidance and answers to common questions.
§ OC.1956.051. DEFINITIONS
DEFINITIONS. In this subchapter: (1) "Commission" means the Finance Commission of Texas. (2) "Commissioner" means the consumer credit commissioner. (3) "Crafted precious metal" means jewelry, silverware, an art object, or another object, made wholly or partly from precious metal and used primarily for personal, family, or household purchases. The term does not include: (A) a coin; (B) a bar; (C) a commemorative medallion; (D) an item selling at 105 percent or more of the scrap value of the item; (E) an item made wholly or partly from precious metal and used for a dental, pharmaceutical, or medical application; or (F) an item made wholly or partly from precious metal extracted, recovered, or salvaged from an industrial by-product or industrial waste product. (4) "Dealer" means a person registered to engage in the business of purchasing and selling crafted precious metal, including purchases or sales made through the mail. (5) "Department" means the Texas Department of Public Safety. (5-a) "Jewelry store" means a retail establishment that derives 75 percent or more of its annual revenue from the sale to consumers of crafted precious metal or other items of personal adornment, including watches, bracelets, necklaces, brooches, rings, and earrings. (6) "Precious metal" means gold, silver, platinum, palladium, iridium, rhodium, osmium, ruthenium, or an alloy of those metals. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 4, eff. June 1, 2003. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1298 (H.B. 2490 ), Sec. 1, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 604 (S.B. 1132 ), Sec. 1, eff. September 1, 2021.
Frequently Asked Questions About Texas § OC.1956.051
What does The Texas Constitution § OC.1956.051 cover?
Section OC.1956.051 ("DEFINITIONS") 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 § OC.1956.051?
A common citation format is "The Texas Constitution § OC.1956.051" (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 § OC.1956.051 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.