Texas § IN.4005.153 - EMBEZZLEMENT OR CONVERSION BY AGENT
Full text of Texas The Texas Constitution § IN.4005.153 — EMBEZZLEMENT OR CONVERSION BY AGENT, with citation guidance and answers to common questions.
§ IN.4005.153. EMBEZZLEMENT OR CONVERSION BY AGENT
EMBEZZLEMENT OR CONVERSION BY AGENT; CRIMINAL PENALTY. (a) A person commits an offense if the person, as an agent for an insurer lawfully engaged in the business of insurance in this state, collects premiums or otherwise receives money or a substitute for money, and the person: (1) embezzles, fraudulently converts, or appropriates to the person's own use the money or substitute for money; or (2) with intent to embezzle and contrary to the instructions of or without the consent of the insurer, takes, secretes, or otherwise disposes of or fraudulently withholds, appropriates, lends, invests, or otherwise uses or applies, any money or substitute for money received by the person in the person's capacity as agent or broker. (b) A person who commits an offense under this section shall be punished as if the person had stolen the money or substitute for money. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.4005.153
What does The Texas Constitution § IN.4005.153 cover?
Section IN.4005.153 ("EMBEZZLEMENT OR CONVERSION BY AGENT") 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 § IN.4005.153?
A common citation format is "The Texas Constitution § IN.4005.153" (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 § IN.4005.153 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.