Tex.
Est. Code Section 752.103
Tangible Personal Property Transactions
(1)
accept tangible personal property or an interest in tangible personal property as a gift or as security for a loan or reject, demand, buy, receive, or otherwise acquire ownership or possession of tangible personal property or an interest in tangible personal property;(2)
sell, exchange, convey with or without covenants, release, surrender, mortgage, encumber, pledge, create a security interest in, pawn, grant options concerning, lease or sublet to others, or otherwise dispose of tangible personal property or an interest in tangible personal property;(3)
release, assign, satisfy, or enforce by litigation, action, or otherwise a mortgage, security interest, encumbrance, lien, or other claim on behalf of the principal, with respect to tangible personal property or an interest in tangible personal property; and(4)
perform an act of management or conservation with respect to tangible personal property or an interest in tangible personal property on behalf of the principal, including:(A)
insuring the property or interest against casualty, liability, or loss;(B)
obtaining or regaining possession or protecting the property or interest by litigation, action, or otherwise;(C)
paying, compromising, or contesting taxes or assessments or applying for and receiving refunds in connection with taxes or assessments;(D)
moving the property;(E)
storing the property for hire or on a gratuitous bailment; and(F)
using, altering, and making repairs or alterations to the property.
Source:
Section 752.103 — Tangible Personal Property Transactions, https://statutes.capitol.texas.gov/Docs/ES/htm/ES.752.htm#752.103 (accessed Apr. 20, 2024).
