Ask Reggi Your Question Now
Can you summarize Tex. Penal Section 32.33?
CREDIT > HINDERING SECURED CREDITORS.
Short Summary
This section of the Texas Penal Code governs the offense of hindering secured creditors. It applies to persons who have signed a security agreement creating a security interest in property or a mortgage or deed of trust creating a lien on property. The offense is committed when a person with intent to hinder enforcement of the security interest or lien destroys, removes, conceals, encumbers, or otherwise harms or reduces the value of the property. The value of the property determines the severity of the offense, ranging from a Class C misdemeanor to a felony of the first degree. Additionally, a debtor under a security agreement commits an offense if they sell or dispose of the secured property or fail to account for the proceeds of a sale or disposition with intent to appropriate the proceeds or value of the secured property. The penalties for this offense also vary based on the value of the proceeds obtained, ranging from a Class C misdemeanor to a felony of the first degree.
Whom does it apply to?
Persons who have signed a security agreement creating a security interest in property or a mortgage or deed of trust creating a lien on property
What does it govern?
HINDERING SECURED CREDITORS
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Class C misdemeanor to felony of the first degree, depending on the value of the property destroyed, removed, concealed, encumbered, or otherwise harmed or reduced in value
Jurisdiction
Texas