Texas Labor Code 64.002 – Redemption of Evidence of Indebtedness
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(a) A person who uses an employer’s evidence of indebtedness shall, on the demand for redemption and presentation of the employer’s evidence of indebtedness by the holder on a regular payday, redeem the employer’s evidence of indebtedness:
(1) for United States currency; and
(2) at the face value of the employer’s evidence of indebtedness.
(b) The face value of an employer’s evidence of indebtedness is currency equal to the cash value of the purchasing power in merchandise at the commissary or other repository of the person.
Terms Used In Texas Labor Code 64.002
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005