{"data":{"id":"us-tx/tex.-business-commerce-code-254.002","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 254.002","heading":"FAILURE TO IDENTIFY PATENT RIGHT; CRIMINAL PENALTY.","body":"(a) A person selling a patent right or patent right territory may not take a note or lien evidencing or securing the purchase price for the patent right or patent right territory without placing on the face of the note or lien the statement required by Section 254.001(a).\n(b) A person who violates this section commits an offense. An offense under this section is a misdemeanor punishable by a fine of not less than $25 or more than $200.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 7. RECEIPTS, DOCUMENTS OF TITLE, AND OTHER INSTRUMENTS","CHAPTER 254. NOTE OR LIEN IDENTIFYING A PATENT RIGHT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.254.htm#254.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"17d724a65ed58fbbdae30b57a340879a2f395f899a937a68985a4d55a25f8883","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-254.001","next":"us-tx/tex.-business-commerce-code-261.001"},"notice":"GroundRules: Original legal text. Not legal advice."}