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Can you summarize Tex. Lab. Chapter 64?
WAGES > REDEMPTION OF EMPLOYER'S EVIDENCES OF INDEBTEDNESS FOR WAGES
Short Summary
The provided legal document content pertains to the redemption of employer’s evidences of indebtedness for wages. It defines ’employer’s evidence of indebtedness’ as an instrument, other than money, used to pay employees or laborers, including coupons, chips, scrip, punchouts, and store orders. The document states that a person who uses an employer’s evidence of indebtedness must redeem it for United States currency at face value upon demand and presentation by the holder on a regular payday. The face value of the employer’s evidence of indebtedness is defined as currency equal to the cash value of the purchasing power in merchandise at the commissary or other repository of the person. If the person using the employer’s evidence of indebtedness refuses redemption, the holder is entitled to recover the value of the employer’s evidence of indebtedness, a penalty equal to 25 percent of the amount due, and costs of court and reasonable attorney’s fees. The holder may bring an action in their own name. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Persons who use employer's evidences of indebtedness to pay employees or laborers
What does it govern?
Redemption of employer's evidences of indebtedness for wages
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Value of the employer's evidence of indebtedness, a penalty equal to 25 percent of the amount due, costs of court, and reasonable attorney's fees
Jurisdiction
Texas