Texas Business & Commerce Code

§ 271.008 — APPLICABILITY TO CERTAIN REAL PROPERTY TRANSACTIONS; EXCEPTIONS

BC § 271.008Title 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS · Ch. 271. RIGHTS OF PARTIES TO CHOOSE LAW APPLICABLE

Statute text

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(a)Sections 271.004-271.007 apply to the determination of the law that governs an issue relating to a transaction involving real property other than a matter described by Subsection (b), including the validity or enforceability of an indebtedness incurred in consideration for the transfer of, or the payment of which is secured by a lien on, real property.

(b)Sections 271.004-271.007 do not apply to the determination of the law that governs:

(1)whether a transaction transfers or creates an interest in real property for security purposes or otherwise;

(2)the nature of an interest in real property that is transferred or created by a transaction;

(3)the method for foreclosure of a lien on real property;

(4)the nature of an interest in real property that results from foreclosure; or

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.