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03(e)(4), theft of a firearm or possession of a stolen firearm is punishable as a State Jail Felony; the relevant Texas Penal code provision is the Theft statute. (B) fails to record a complete description of the property, including the serial number, if reasonably available, or other identifying characteristics; or.§ 922(k) and face a sentence of up to five years. Possession of a Machine Gun. It's still a felony to carry a stolen firearm. But, in general, you're violating state laws if you steal a gun, buy a stolen gun, or carry a stolen gun. If you are being accused of buying or receiving stolen property, contact a Dallas theft crimes lawyer. First, call your local law enforcement agency to report the theft or loss. Stolen firearms; possession, receipt, acquisition or disposal; offense; punishment. Larceny of property; receiving stolen goods or possessing stolen goods.