Tex. Bus. & Com. Code § 56.057

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 56.057 - Allocation of Risk Permitted

An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause.

Tex. Bus. and Comm. Code § 56.057

Added by Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 4.001(a), eff. 9/1/2009.