Texas Property Code

§ 223.005 — TRANSFER OF INTEREST

PR § 223.005Title 12. MISCELLANEOUS SHARED REAL PROPERTY INTERESTS · Ch. 223. BUSINESS ENTITY-OWNED RESIDENTIAL ARRANGEMENTS

Statute text

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Notwithstanding any provision in an agreement between the owner and a managing entity, an owner of an interest in a managing entity may transfer the interest without approval from the managing entity.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 1096 (H.B. 4211), Sec. 1, eff. June 20, 2025.