Section 1956.055 - Exception: Crafted Precious Metal Acquired From Another Dealer Who Previously Made Required Reports This subchapter does not apply to crafted precious metal acquired in good faith in a transaction involving the stock-in-trade of another dealer who previously made the reports concerning that metal as required by this subchapter if:
(1) the selling dealer delivers to the acquiring dealer a written document stating that the reports have been made;(2) the acquiring dealer submits a copy of the statement to the chief of police of the municipality or the sheriff of the county in which the selling dealer is located; and(3) each dealer involved in the transaction retains a copy of the statement until the third anniversary of the date of the transaction.Tex. Occ. Code § 1956.055
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 4, eff. 6/1/2003.