Texas Property Code

§ 5.257 — DIVESTITURE; APPOINTMENT OF RECEIVER; DISTRIBUTION OF SALE PROCEEDS

PR § 5.257Title 2. CONVEYANCES · Ch. 5. CONVEYANCES · Art. H. PURCHASE OR ACQUISITION OF REAL PROPERTY BY CERTAIN FOREIGN INDIVIDUALS OR ENTITIES

Statute text

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(a)If the district court finds that the real property subject to an action brought under Section 5.255 was purchased or an interest in the real property was otherwise acquired in violation of Section 5.253, the court shall:

(1)enter an order that:

(A)states the court's finding;

(B)orders the divestment of the individual's or entity's interest in the real property; and

(C)appoints a receiver to:

(i)divest the individual's or entity's interest in the real property through sale, termination of a leasehold, or other disposition of the interest; and

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Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 956 (S.B. 17), Sec. 4, eff. September 1, 2025.