Tex. Fin. Code § 342.009

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 342.009 - Return of Property in Sale-Leaseback Transaction

The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.

Tex. Fin. Code § 342.009

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff. 9/1/2001.