Texas § OC.2001.431 - DEFINITIONS
Full text of Texas The Texas Constitution § OC.2001.431 — DEFINITIONS, with citation guidance and answers to common questions.
§ OC.2001.431. DEFINITIONS
DEFINITIONS. In this subchapter: (1) "Unit" means two or more licensed authorized organizations that conduct bingo at the same location joining together to share revenues, authorized expenses, and inventory related to bingo operations. (2) "Unit accounting" means a method by which licensed authorized organizations that are members of a unit account for the sharing of revenues, authorized expenses, and inventory related to bingo operations. (3) "Unit accounting agreement" means a written agreement by all the licensed authorized organizations that are members of a unit that contains, at a minimum: (A) the taxpayer name and number of each licensed authorized organization that is a member of the unit; (B) the method by which the net proceeds of the bingo operations of the unit will be apportioned among the members of the unit; (C) the name of the unit manager or designated agent of the unit; and (D) the methods by which the unit may be dissolved and by which one or more members of the unit may withdraw from participation in the unit, including the distribution of funds, records, and inventory and the allocation of authorized expenses and liabilities on dissolution or withdrawal of one or more members of the unit. (4) "Unit manager" means an individual who is responsible for the revenues, authorized expenses, and inventory of a unit. Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003. Amended by: Acts 2017, 85th Leg., R.S., Ch. 967 (S.B. 2065 ), Sec. 12.001, eff. September 1, 2017.
Frequently Asked Questions About Texas § OC.2001.431
What does The Texas Constitution § OC.2001.431 cover?
Section OC.2001.431 ("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.2001.431?
A common citation format is "The Texas Constitution § OC.2001.431" (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.2001.431 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.