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Texas Natural Resources Code

§ 151.104 — BENEFICIARY OF TRUST

NR § 151.104Title 6. TIMBER · Ch. 151. PROVISIONS GENERALLY APPLICABLE · Art. C. PAYMENT FOR TIMBER PURCHASED

Statute text

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Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.

Legislative history

Added by Acts 1997, 75th Leg., ch. 562, Sec. 1, eff. Sept. 1, 1997. Renumbered from Sec. 151.154 by Acts 2001, 77th Leg., ch. 532, Sec. 1, eff. Sept. 1, 2001.

Source: Texas Natural Resources Code § 151.104 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.