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Texas Business & Commerce Code

§ 56.003 — EFFECT OF CHAPTER ON TIMING OF PAYMENT PROVISIONS

BC § 56.003Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 56. AGREEMENT FOR PAYMENT OF CONSTRUCTION SUBCONTRACTOR · Art. A. GENERAL PROVISIONS

Statute text

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This chapter does not affect a provision that affects the timing of a payment in a contract for construction management or for the construction of improvements to real property if the payment is to be made within a reasonable period.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff. September 1, 2009.

Source: Texas Business & Commerce Code § 56.003 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.