Sec. 151.258. SALE OF SECURITY. (a) If necessary to recover an amount of tax, penalty, or interest, the comptroller may sell security deposited under this subchapter. A sale shall be public and notice of the sale may be given personally or by mail to the person who deposited the security.
(b) If the notice is given by mail, the comptroller may send it to the last known address appearing in the records of the comptroller.
(c) Subject to the requirement of additional security required by Section 151.260 of this code, the comptroller shall return to the depositor any security remaining after the sale and after recovering the amount of tax, penalty, and interest due from the depositor.
Acts 1981, 67th Leg., p. 1557, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Structure Texas Statutes
Subtitle E - Sales, Excise, and Use Taxes
Chapter 151 - Limited Sales, Excise, and Use Tax
Subchapter G. Seller's and Retailer's Security
Section 151.251. Security Required
Section 151.252. Temporary Permit
Section 151.253. Security: Requirements
Section 151.254. Exemption From Filing Security
Section 151.256. Failure to Provide Security: Loss of Permit
Section 151.257. Forfeiture of Security: Determination
Section 151.258. Sale of Security
Section 151.259. Security Insufficient to Pay Tax
Section 151.260. Security Sufficient to Pay Tax