Texas § OC.1956.055 - EXCEPTION
Full text of Texas The Texas Constitution § OC.1956.055 — EXCEPTION, with citation guidance and answers to common questions.
§ OC.1956.055. EXCEPTION
EXCEPTION: CRAFTED PRECIOUS METAL ACQUIRED FROM ANOTHER DEALER WHO PREVIOUSLY MADE REQUIRED REPORTS. This subchapter does not apply to crafted precious metal acquired in good faith in a transaction involving the stock-in-trade of another dealer who previously made the reports concerning that metal as required by this subchapter if: (1) the selling dealer delivers to the acquiring dealer a written document stating that the reports have been made; (2) the acquiring dealer submits a copy of the statement to the chief of police of the municipality or the sheriff of the county in which the selling dealer is located; and (3) each dealer involved in the transaction retains a copy of the statement until the third anniversary of the date of the transaction. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 4, eff. June 1, 2003.
Frequently Asked Questions About Texas § OC.1956.055
What does The Texas Constitution § OC.1956.055 cover?
Section OC.1956.055 ("EXCEPTION") 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.1956.055?
A common citation format is "The Texas Constitution § OC.1956.055" (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.1956.055 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.