Texas Labor Code

§ 64.002 — REDEMPTION OF EVIDENCE OF INDEBTEDNESS

LA § 64.002Title 2. PROTECTION OF LABORERS · Part C. WAGES · Ch. 64. REDEMPTION OF EMPLOYER'S EVIDENCES OF INDEBTEDNESS FOR WAGES

Statute text

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(a)A person who uses an employer's evidence of indebtedness shall, on the demand for redemption and presentation of the employer's evidence of indebtedness by the holder on a regular payday, redeem the employer's evidence of indebtedness:

(1)for United States currency; and

(2)at the face value of the employer's evidence of indebtedness.

(b)The face value of an employer's evidence of indebtedness is currency equal to the cash value of the purchasing power in merchandise at the commissary or other repository of the person.

Legislative history

Added by Acts 1995, 74th Leg., ch. 76, Sec. 9.18(a), eff. Sept. 1, 1995.