Texas Property Code

§ 67.012 — PAYMENT DISPUTES

PR § 67.012Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 67. OIL AND GAS LIENS

Statute text

In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made:

(1)to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay;

(2)to a person who otherwise shows the person is entitled to the money; or

(3)to a court of competent jurisdiction in the event of litigation or bankruptcy.

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.