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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The filing of a RICO lien notice does not constitute a lien on the record title to real property as owned by a trustee except to the extent that the trustee is named in the notice.
(b) The filing of a RICO lien notice does not affect the use to which real property or a beneficial interest owned by the person named in the notice may be put or the right of the person to receive any avails, rents, or other proceeds resulting from the use and ownership, but not the sale, of the property until a judgment of forfeiture is entered.
Cite this article: FindLaw.com - Texas Property Code - PROP § 68.059. Effect on Trust of RICO Lien Notice - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-68-059/
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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