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Current as of January 01, 2024 | Updated by Findlaw Staff
The amount of a lien claimed by a subcontractor may not exceed:
(1) an amount equal to the proportion of the total subcontract price that the sum of the labor performed, materials furnished, materials specially fabricated, reasonable overhead costs incurred, and proportionate profit margin bears to the total subcontract price; minus
(2) the sum of previous payments received by the claimant on the subcontract.
Cite this article: FindLaw.com - Texas Property Code - PROP § 53.024. Limitation on Subcontractor's Lien - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-53-024/
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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