{"data":{"id":"us-tx/tex.-agriculture-code-147.004","jurisdiction":"us-tx","citation":"Tex. Agriculture Code § 147.004","heading":"REMITTANCE OF SALE PROCEEDS.","body":"(a) Within 48 hours after the sale of consigned livestock, a commission merchant shall:\n(1) remit the net proceeds of the sale to each person entitled to receive those proceeds or to another person to whom the person directs that the proceeds be paid; or\n(2) if requested by a person, deposit the proceeds due that person to the credit of that person in a state or national bank in the city or county of the commission merchant's principal place of business.\n(b) In calculating the time allowed for remittance of proceeds under this section by a livestock commission merchant, Sundays, holidays, and the day of sale are excluded. In calculating the time allowed for remittance of proceeds under this section by a livestock auction commission merchant, Sundays, holidays, and the day of sale are included.\nActs 1981, 67th Leg., p. 1379, ch. 388, Sec. 1, eff. Sept. 1, 1981.","path":["AGRICULTURE CODE","TITLE 6. PRODUCTION, PROCESSING, AND SALE OF ANIMAL PRODUCTS","SUBTITLE B. LIVESTOCK","CHAPTER 147. LIVESTOCK COMMISSION MERCHANTS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/AG/htm/AG.147.htm#147.004","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:50Z","sha256":"b4420fe1e404c2aed8907e2eb728cb20a25fac946953cbd293b02c3d9b58d135","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-agriculture-code-147.003","next":"us-tx/tex.-agriculture-code-147.005"},"notice":"GroundRules: Original legal text. Not legal advice."}