{"data":{"id":"us-tx/tex.-property-code-223.003","jurisdiction":"us-tx","citation":"Tex. Property Code § 223.003","heading":"AGREEMENTS AND RULES.","body":"(a) An agreement for the purchase of an interest in a managing entity must disclose to the purchaser that the agreement is for the purchase of an interest in the entity and not in any residential property itself.\n(b) The purchase agreement and any other agreement or rules governing the residential arrangement or the ownership interest in the entity may not require that a dispute concerning the arrangement or interest be brought before a tribunal other than a court established under the laws of this state or the United States.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 1096 (H.B. 4211), Sec. 1, eff. June 20, 2025.","path":["PROPERTY CODE","TITLE 12. MISCELLANEOUS SHARED REAL PROPERTY INTERESTS","CHAPTER 223. BUSINESS ENTITY-OWNED RESIDENTIAL ARRANGEMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.223.htm#223.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"311b336fcf9a7674c91ec947a9694d851df3721f253ed6c2adcaa0e23633d4fe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-223.002","next":"us-tx/tex.-property-code-223.004"},"notice":"GroundRules: Original legal text. Not legal advice."}