Sec. 148.025. DAMAGES. A purchaser who fails to pay for livestock as provided by this subchapter or who artificially delays the collection of funds for the payment is liable to the seller of the livestock for the purchase price and:
(1) damages in an amount equal to 12 percent of the purchase price;
(2) interest on the purchase price at the highest legal rate from the transfer of possession until payment is made in accordance with this subchapter; and
(3) a reasonable attorney's fee for the prosecution of collection of the payment.
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