Texas Agriculture Code

§ 148.024 — DELAY IN COLLECTION OF PAYMENT INSTRUMENTS

AG § 148.024Title 6. PRODUCTION, PROCESSING, AND SALE OF ANIMAL PRODUCTS · Part B. LIVESTOCK · Ch. 148. SLAUGHTERING OF LIVESTOCK · Art. C. PAYMENT FOR LIVESTOCK PURCHASED FOR SLAUGHTER

Statute text

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An instrument issued in payment for livestock under this subchapter shall be drawn on banks that are so located as not to artificially delay collection of funds through mail or otherwise cause an undue lapse of time in the clearance process.

Legislative history

Acts 1981, 67th Leg., p. 1387, ch. 388, Sec. 1, eff. Sept. 1, 1981.