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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) The property acquired by the board becomes a part of the fund, but the veteran who has selected the land has a preference right to purchase the land from the board.
(b) To be entitled to the preference right, the veteran shall agree in writing before the board purchases the land to purchase the land from the board for the price paid for it.
(c) If the veteran fails or refuses to exercise the preference right, the land may be sold by the board in the same manner provided for the sale of land forfeited under this chapter.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 161.286. Purchase Preference - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-161-286/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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