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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A fiduciary or other person in possession or control of property subject to a power, other than the donee, does not have notice of a release of the power until the original release or a copy is delivered to the fiduciary or other person.
(b) A purchaser, lessee, or mortgagee of real property subject to a power who has paid a valuable consideration and who is without actual notice does not have notice of a release of the power until the instrument releasing the power is filed for record with the county clerk of the county in which the real property is located.
Cite this article: FindLaw.com - Texas Property Code - PROP § 181.055. Notice of Release - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-181-055/
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 before relying on it for your legal needs.
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