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Texas Property Code - PROP § 67.012. Payment Disputes

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

In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made:

(1) to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay;

(2) to a person who otherwise shows the person is entitled to the money;  or

(3) to a court of competent jurisdiction in the event of litigation or bankruptcy.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 67.012. Payment Disputes - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-67-012/

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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