Legal Question in Business Law in Texas
Can a Texas business (a real estate management company for a condo HOA) legally refuse to accept cash in person as payment for monthly dues?
Asked on 7/14/14, 9:24 pm
1 Answer from Attorneys
Steven Frankoff
Law Offices of Steven Frankoff
The acceptance of U.S. currency is required by Federal Law. Under federal statute one must accept cash. We have all heard of the protest tax payer who pays a tax bill with pennies.
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Answered on 7/15/14, 4:57 am
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