Texas Penal Code
§ 32.02 — VALUE
PE § 32.02Title 7. OFFENSES AGAINST PROPERTY · Ch. 32. FRAUD · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)Subject to the additional criteria of Subsections (b) and (c), value under this chapter is:
(1)the fair market value of the property or service at the time and place of the offense; or
(2)if the fair market value of the property cannot be ascertained, the cost of replacing the property within a reasonable time after the offense.
(b)The value of documents, other than those having a readily ascertainable market value, is:
(1)the amount due and collectible at maturity less any part that has been satisfied, if the document constitutes evidence of a debt; or
(2)the greatest amount of economic loss that the owner might reasonably suffer by virtue of loss of the document, if the document is other than evidence of a debt.
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Legislative history
Acts 2015, 84th Leg., R.S., Ch. 1251 (H.B. 1396), Sec. 14, eff. September 1, 2015.