Sec. 148.024. DELAY IN COLLECTION OF PAYMENT INSTRUMENTS. 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.
Acts 1981, 67th Leg., p. 1387, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Structure Texas Statutes
Title 6 - Production, Processing, and Sale of Animal Products
Chapter 148 - Slaughtering of Livestock
Subchapter C. Payment for Livestock Purchased for Slaughter
Section 148.021. Meat Processor
Section 148.022. Time and Method of Payment for Purchases
Section 148.023. Agreement on Time and Method of Payment
Section 148.024. Delay in Collection of Payment Instruments
Section 148.027. Commingling of Livestock Under Lien
Section 148.028. Priority of Lien
Section 148.029. Fee for Horses Sold to Slaughterer
Section 148.030. Inspection of Horses Sold Through Certain Slaughterhouses