WebJustia Free Databases of US Laws, Codes & Statutes. 2024 Texas Statutes Property Code Title 10 - Miscellaneous Beneficial Property Interests Subtitle B - Fiduciaries Chapter 162 - Construction Payments, Loan Receipts, and Misapplication of Trust Funds Subchapter A. Construction Payments and Loan Receipts Section 162.005. Definitions WebCode § 162.001 (c). Anyone who furnishes labor or material for the construction or repair of an improvement on specific real property is a beneficiary under the Trust Fund Statute. …
Texas Property Code Section 162.007 - Management of …
WebRULE §9.3044. Appointment of Agents for Property Tax Matters. (a) Except as otherwise provided by existing court order, law, or other comptroller rule, a property owner shall use comptroller form 50-162 to designate an agent for property tax matters pursuant to Tax Code, §1.111 (a). Except as provided in subsection (b) of this section, forms ... WebSep 2, 2014 · The purpose of the Texas Construction Trust Fund Act (Chapter 162 of the Property Code) is to ensure that these subcontractors, laborers, and materialmen are paid from the funds received from the owner. galaxy s21 fe antutu
Texas Property Code - PROP § 162.001 FindLaw
WebTexas Property Code Sec. 162.006 Construction Account Required in Certain Circumstances (a) A contractor who enters into a written contract with a property owner to construct improvements to a residential homestead for an amount exceeding $5,000 shall deposit the trust funds in a construction account in a financial institution. (b) Web(b) A property owner is a beneficiary of trust funds described by Section 162.001 in connection with a residential construction contract, including funds deposited into a construction account described by Section 162.006. Acts 1983, 68th Leg., p. 3721, ch. 576, Sec. 1, eff. Jan. 1, 1984. WebTerms Used In Texas Property Code Chapter 162 - Construction Payments, Loan Receipts, and Misapplication of Trust Funds. Affidavit: means a statement in writing of a … blackbirch capital