Texas Occupations Code 1956.057 – Exception: Crafted Precious Metal Acquired in Judicial Sale
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Terms Used In Texas Occupations Code 1956.057
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Executor: A male person named in a will to carry out the decedent
- Trustee: A person or institution holding and administering property in trust.
This subchapter does not apply to crafted precious metal acquired in a sale made:
(1) by any public officer in the officer’s official capacity as a trustee in bankruptcy, executor, administrator, receiver, or public official acting under judicial process or authority; or
(2) on the execution of, or by virtue of, any process issued by a court.