Tex. Prop. Code § 162.032

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 162.032 - Penalties

(a) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter commits a Class A misdemeanor.

(b) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter, with intent to defraud, commits a felony of the third degree.

(c) A trustee who fails to establish or maintain a construction account in violation of Section 162.006 or fails to establish or maintain an account record for the construction account in violation of Section 162.007 commits a Class A misdemeanor.

Tex. Prop. Code § 162.032

Amended By Acts 1997, 75th Leg., ch. 1018, Sec. 5, eff. 9/1/1997.

Amended by Acts 1987, 70th Leg., ch. 578, Sec. 5, eff. 8/31/1987

Acts 1983, 68th Leg., p. 3722, ch. 576, Sec. 1, eff. 1/1/1984.