Texas Agriculture Code Title 6, Chapter 147 - Livestock Commission Merchants

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 147.001 - Definitions
  In this chapter: (1) "Commission merchant" means a livestock commission merchant or a livestock auction commission merchant. (2) Repealed by Acts 2003, 78th Leg., ch....
• Texas Section 147.002 - Commission Merchants
  (a) A person is subject to this chapter as a livestock commission merchant if the person: (1) pursues the business of selling livestock on consignment...
• Texas Section 147.003 - Exceptions
  (a) A person pursuing the business of selling mules, horses, jacks, or jennets in a county with a population of not less than 1.8 million...
• Texas Section 147.004 - Remittance Of Sale Proceeds
  (a) Within 48 hours after the sale of consigned livestock, a commission merchant shall: (1) remit the net proceeds of the sale to each person...

SUBCHAPTER B BOND

• Texas Section 147.005 - Deposit Of Proceeds In Dispute
  (a) If the proceeds of a sale of livestock by a commission merchant become involved in a dispute between contending claimants, or if the commission...
• Texas Section 147.021 - Bond Required
  Before engaging in business as a commission merchant, a person shall file a bond with the county judge of the county of the commission merchant's...
• Texas Section 147.022 - Terms And Conditions Of Bond
  (a) Each bond filed under this chapter must be: (1) signed by a solvent surety company authorized to do business in this state and having...
• Texas Section 147.023 - Amount Of Bond
  (a) Except as otherwise provided by this section, the amount of each commission merchant's bond must be equal to the nearest multiple of $1,000 that...
• Texas Section 147.024 - More Than One Person Under Single Bond
  (a) If two or more commission merchants are employees or agents solely for one person, they may be covered by a single bond in an...
• Texas Section 147.025 - Approval Of Bond By County Judge
  (a) The county judge shall carefully examine each commission merchant's bond and shall approve a bond if satisfied that it conforms to the requirements of...
• Texas Section 147.026 - Recording Of Bond And Statement Of Sales
  (a) The county judge shall file each commission merchant's bond with the county clerk, who shall record the bond at length in records maintained for...
• Texas Section 147.027 - Commission Merchant's Copy Of Bond
  As soon as practicable after the recording of a bond, a commission merchant shall request, and the county clerk shall provide, a certified copy of...
• Texas Section 147.028 - Suit On Bond
  (a) Any person damaged by breach of a condition of a bond may bring suit and recover under the bond. The suit shall be brought...

SUBCHAPTER C RECORDS

• Texas Section 147.029 - Insolvency Of Surety
  If the county judge discovers that the surety on a bond is insolvent or determines that the surety is financially unable to make the bond...
• Texas Section 147.041 - Record Of Sales
  (a) Each livestock auction commission merchant shall keep a record of all livestock sold at auction. The record must give an accurate description of the...

SUBCHAPTER D PENALTIES

• Texas Section 147.042 - Record Of Transportation
  (a) Each livestock auction commission merchant shall keep a record of the motor vehicle and trailer or semitrailer on which livestock is transported to the...
• Texas Section 147.061 - Failure To File Or Maintain Bond
  (a) A person commits an offense if the person: (1) advertises or solicits business, or engages in business, as a livestock commission merchant without filing...
• Texas Section 147.062 - Failure To Post Copy Of Bond
  (a) A person commits an offense if the person fails to post a copy of the person's bond in accordance with Section 147.027 of this...
• Texas Section 147.063 - Failure To Remit Proceeds Of Sale
  (a) A person commits an offense if, as a livestock commission merchant, the person intentionally fails and refuses to remit the net proceeds of a...
• Texas Section 147.064 - Appropriation Of Proceeds Of Sale
  (a) A person commits an offense if, as a livestock commission merchant, the person appropriates or uses any portion of the net proceeds of the...
• Texas Section 147.065 - Failure To Keep Or Exhibit Transportation Records
  (a) A person commits an offense if the person violates Section 147.042 of this code. (b) An offense under this section is a misdemeanor punishable...

Last modified: September 28, 2016