TX NATURAL RESOURCES CODE

TITLE 3. OIL AND GAS

SUBTITLE A. ADMINISTRATION

CHAPTER 112. USED OIL FIELD EQUIPMENT DEALERS

SUBCHAPTER B. SALE OF USED EQUIPMENT



§ 112.011. BILL OF SALE.
     Before purchasing or acquiring by exchange used materials, a dealer, broker, or peddler shall require that a bill of sale for the used materials be executed by the seller or the person who exchanges the materials. The dealer, broker, or peddler shall keep a copy of each bill of sale at his place of business.

Acts 1977, 65th Leg., p. 2592, ch. 871, art. I, § 1, eff. Sept. 1, 1977. Amended by Acts 1981, 67th Leg., p. 2339, ch. 573, § 2, eff. Aug. 31, 1981.

§ 112.012. REQUIRED INFORMATION.
     (a) The bill of sale shall include:
          (1) the name and address of the dealer, broker, or peddler;
          (2) the serial number, if any;
          (3) the kind, make, size, weight, length, and quantity of the used materials purchased or acquired by exchange;
          (4) the date of the purchase or acquisition by exchange, if different from the date of the bill of sale;
          (5) the name and address of the seller or person who exchanged the materials;
          (6) the place of location of the property at the time purchased or acquired by exchange;
          (7) the license number of each motor vehicle used in transporting a purchased or exchanged item to the dealer's, broker's, or peddler's place of business; and
          (8) the driver's license number of the seller or person who exchanged the materials.
     (b) A dealer, broker, or peddler under this chapter shall keep at his regular place of business all records required to be kept by this chapter for two years after the date of the purchase or acquisition by exchange of the materials.

Acts 1977, 65th Leg., p. 2592, ch. 871, art. I, § 1, eff. Sept. 1, 1977. Amended by Acts 1981, 67th Leg., p. 2340, ch. 573, § 3, eff. Aug. 31, 1981.