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House Bill 612 |
House Author: Hopson |
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Effective: 9-1-11 |
Senate Sponsor: Nichols |
Previous law made it a state jail felony for a timber trustee, knowingly or with intent to defraud, to divert more than $500 of trust money without first fully paying all of the beneficiaries the purchase price for timber. House Bill 612 amends the Natural Resources Code to create a value ladder under which the penalty assessed is based on the value of the timber sold.