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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Property Code § 162.032: PENALTIES.

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Where this section sits in the code
  1. PROPERTY CODE
  2. TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS
  3. SUBTITLE B. FIDUCIARIES
  4. CHAPTER 162. CONSTRUCTION PAYMENTS, LOAN RECEIPTS, AND MISAPPLICATION OF TRUST FUNDS
  5. SUBCHAPTER B. MISAPPLICATION OF TRUST FUNDS

(a) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter commits a Class A misdemeanor.

(b) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter, with intent to defraud, commits a felony of the third degree.

(c) A trustee who fails to establish or maintain a construction account in violation of Section 162.006 or fails to establish or maintain an account record for the construction account in violation of Section 162.007 commits a Class A misdemeanor.

Acts 1983, 68th Leg., p. 3722, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1987, 70th Leg., ch. 578, Sec. 5, eff. Aug. 31, 1987; Acts 1997, 75th Leg., ch. 1018, Sec. 5, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:37Z. Source file · JSON

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