Can you summarize Tex. Bus. & Com. Section 4.403?
This provision, found in the Texas Business and Commerce Code under the Uniform Commercial Code, governs the rights of customers and persons authorized to draw on the account regarding stopping payment of items drawn on the customer’s account or closing the account. A customer or authorized person may stop payment or close the account by providing an order to the bank that describes the item or account with reasonable certainty. The stop-payment order is effective for six months and can be renewed for additional six-month periods.
Can you summarize Tex. Bus. & Com. Section 4.404?
A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, that is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967. Amended by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff.
Can you summarize Tex. Bus. & Com. Section 4.406?
This legal document governs the duty of customers to discover and report unauthorized signatures or alterations in their bank statements. According to the document, banks are required to either return or provide sufficient information about the items paid in the customer’s statement of account. If the items are not returned, the bank must provide a telephone number for the customer to request the items or copies. The customer is expected to promptly examine the statement or items and notify the bank if any unauthorized payment is discovered.
Can you summarize Tex. Bus. & Com. Section 501.052?
(a) A person may not require an individual to disclose the individual’s social security number to obtain goods or services from or enter into a business transaction with the person unless the person: (1) adopts a privacy policy as provided by Subsection (b); (2) makes the privacy policy available to the individual; and (3) maintains under the privacy policy the confidentiality and security of the social security number disclosed to the person.
Can you summarize Tex. Bus. & Com. Section 521.053?
This section of the Texas Statutes, specifically the Business and Commerce Code, governs the breach of system security and notification requirements following a breach of computerized data. It defines ‘breach of system security’ as the unauthorized acquisition of computerized data compromising the security, confidentiality, or integrity of sensitive personal information. The section requires persons conducting business in Texas who own or license computerized data containing sensitive personal information to disclose any breach of system security to affected individuals.
Can you summarize Tex. Bus. & Com. Title 3?
The provided legal document content covers various aspects of insolvency, fraudulent transfers, and fraud under the Texas Statutes, specifically the Business and Commerce Code. The first document outlines the provisions for assignments for the benefit of creditors, allowing debtors to assign their real and personal estate to an assignee for the benefit of their creditors. The assignment must provide for the distribution of the debtor’s estate to each consenting creditor in proportion to their claim.
Can you summarize Tex. Bus. Orgs. Section 5.061?
A filing entity, a foreign filing entity, or a registered series of a domestic limited liability company may not have a name that contains the word ’lotto’ or ’lottery.’ Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 17, eff. June 1, 2022.
Can you summarize Tex. Code of Criminal Procedure Art. 18.095?
For purposes of this chapter, an officer directed under a search warrant to search for and seize a gambling device or equipment, altered gambling equipment, or gambling paraphernalia in the discretion of the officer may: (1) seize only the programmable main circuit board of the device, equipment, or paraphernalia if that circuit board is designed as a subassembly or essential part of the device, equipment, or paraphernalia to provide the information necessary for the device, equipment, or paraphernalia to operate as a gambling device or equipment, altered gambling equipment, or gambling paraphernalia; (2) carry the circuit board before the magistrate; and (3) retain custody of the circuit board as the property seized pursuant to the warrant as required under this chapter.
Can you summarize Tex. Code of Criminal Procedure Art. 18.18?
This section of the Texas Code of Criminal Procedure governs the disposition of various items seized in connection with certain offenses. After a final conviction for possession of gambling devices or equipment, altered gambling equipment, gambling paraphernalia, offenses involving criminal instruments, obscene devices or material, child pornography, scanning devices or re-encoders, or dog fighting offenses, the court must order the destruction or forfeiture of the seized items. If there is no prosecution or conviction, the magistrate must notify the person found in possession of the seized items to show cause why the property should not be destroyed or the proceeds forfeited.
Can you summarize Tex. Est. Section 752.1145?
(a) In this section, ‘digital asset’ has the meaning assigned by Section 2001.002. (b) The language conferring authority with respect to digital assets in a statutory durable power of attorney empowers the attorney in fact or agent, without further reference to a specific digital asset, to access digital assets as provided in Chapter 2001. Added by Acts 2017, 85th Leg., R.S., Ch. 400 (S.B. 1193), Sec. 3, eff. September 1, 2017.