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Texas Business and Commerce Code - BUS & COM § 56.053. Enforcement of Clause Prohibited If Existence of Sham Relationship

Current as of January 01, 2024 | Updated by Findlaw Staff

A contingent payor or its surety may not enforce a contingent payment clause if the contingent payor is in a sham relationship with the obligor, as described by the sham relationships in Section 53.026, Property Code.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 56.053. Enforcement of Clause Prohibited If Existence of Sham Relationship - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-56-053/

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