Tex. Civ. Prac. & Rem. Code § 74.507

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 74.507 - Award of Attorney's Fees

For purposes of computing the award of attorney's fees when the claimant is awarded a recovery that will be paid in periodic payments, the court shall:

(1) place a total value on the payments based on the claimant's projected life expectancy; and

(2) reduce the amount in Subdivision (1) to present value.

Tex. Civ. Prac. and Rem. Code § 74.507

Added by Acts 2003, 78th Leg., ch. 204, Sec. 10.01, eff. 9/1/2003.