Texas § BC.57.354 - LATE PAYMENT OR CREDIT
Full text of Texas The Texas Constitution § BC.57.354 — LATE PAYMENT OR CREDIT, with citation guidance and answers to common questions.
§ BC.57.354. LATE PAYMENT OR CREDIT
LATE PAYMENT OR CREDIT. (a) All payments or allowances of credit due to a dealer shall be paid or credited within 90 days after receipt by the supplier of property required to be repurchased under this subchapter. (b) Any payment or allowance of credit due a dealer that is not paid within the 90-day period will accrue interest at the maximum rate allowed by law. (c) The supplier may withhold payments due under this subchapter during the period in which the dealer fails to comply with its contractual obligation to remove any signage indicating that the dealer is an authorized dealer of the supplier. Added by Acts 2011, 82nd Leg., R.S., Ch. 1039 (H.B. 3079 ), Sec. 2, eff. September 1, 2011.
Frequently Asked Questions About Texas § BC.57.354
What does The Texas Constitution § BC.57.354 cover?
Section BC.57.354 ("LATE PAYMENT OR CREDIT") 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 § BC.57.354?
A common citation format is "The Texas Constitution § BC.57.354" (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 § BC.57.354 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.