Texas § CV.8653 - FUTURE CONTRACTS INVALID
Full text of Texas The Texas Constitution § CV.8653 — FUTURE CONTRACTS INVALID, with citation guidance and answers to common questions.
§ CV.8653. FUTURE CONTRACTS INVALID
FUTURE CONTRACTS INVALID. Any contract of sale for future delivery of cotton, grain, stocks, or other commodities where it is not the bona fide intention of parties that the things mentioned therein are to be delivered but which is to be settled according to or upon the basis of the public market quotations or prices made on any board of trade, exchange, or other similar institution, without any actual bona fide execution and the carrying out of such contract upon the floor of such exchange, board of trade or similar institution, in accordance with the rules thereof, shall be null and void and unenforceable in any court of this State, and no action shall be maintainable thereon at the suit of any party. Acts 1925, 39th Leg., p. 38, ch. 15, Sec. 3.
Frequently Asked Questions About Texas § CV.8653
What does The Texas Constitution § CV.8653 cover?
Section CV.8653 ("FUTURE CONTRACTS INVALID") 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 § CV.8653?
A common citation format is "The Texas Constitution § CV.8653" (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 § CV.8653 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.