Tex. Property Code § 67.012: PAYMENT DISPUTES.
Where this section sits in the code
- PROPERTY CODE
- TITLE 5. EXEMPT PROPERTY AND LIENS
- SUBTITLE B. LIENS
- CHAPTER 67. OIL AND GAS LIENS
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.
Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.
Collected 2026-08-27T01:47:37Z. Source file · JSON