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Tex. Property Code § 162.032

PENALTIES

Texas · Texas Property Code · Status: effective

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Tex. Property Code § 162.032, PENALTIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565199
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(a) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter commits a Class A misdemeanor. (b) A trustee who misapplies trust funds amounting to $500 or more in violation of this chapter, with intent to defraud, commits a felony of the third degree. (c) A trustee who fails to establish or maintain a construction account in violation of Section 162.006 or fails to establish or maintain an account record for the construction account in violation of Section 162.007 commits a Class A misdemeanor.