Sec. 147.063. FAILURE TO REMIT PROCEEDS OF SALE. (a) A person commits an offense if, as a livestock commission merchant, the person intentionally fails and refuses to remit the net proceeds of a sale of livestock in accordance with Section 147.004 of this code. (b) A person commits an offense if, as a livestock auction commission merchant, the person intentionally fails and refuses to remit the net proceeds of a sale of livestock in accordance with Section 147.004 of this code. (c) An offense under Subsection (a) of this section is a misdemeanor punishable by: (1) a fine of not less than $100 nor more than $1,000; (2) confinement in county jail for not less than 1 month nor more than 12 months; or (3) both fine and confinement under this subsection. (d) An offense under Subsection (b) of this section is a misdemeanor punishable by: (1) a fine of not less than $25 nor more than $100; (2) confinement in county jail for not more than 30 days; or (3) both fine and confinement under this subsection.
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