Texas Tax Code

§ 113.102 — APPLICABILITY OF LIEN TO MERCHANDISE PURCHASED

TX § 113.102Title 2. STATE TAXATION · Part B. ENFORCEMENT AND COLLECTION · Ch. 113. TAX LIENS · Art. B. APPLICATIONS AND STATUS OF STATE TAX LIENS

Statute text

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No lien created by this title is effective against a bona fide purchaser for value of goods, wares, or merchandise daily exposed for sale in the regular course of business if the purchase and actual or constructive possession of the goods, wares, or merchandise is completed before the goods, wares, or merchandise are seized under a valid legal writ or other lawful process.

Legislative history

Acts 1981, 67th Leg., p. 1520, ch. 389, Sec. 1, eff. Jan. 1, 1982.