Tex. Prop. Code § 67.010

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 67.010 - Limitation on Filing Action to Enforce Lien
(a) Except as provided by Subsection (b), an action to enforce the interest owner's oil and gas lien must be brought not later than the first anniversary of the last day of the month after the date proceeds from the sale of oil or gas subject to the lien are required by law or contract to be paid to the interest owner, but only as to the oil or gas sold during that month.
(b) The commencement of a proceeding by or against any person claiming an interest in any property subject to the oil and gas lien seeking to adjudicate the person as bankrupt or insolvent, or seeking relief of the person's debts under any law relating to bankruptcy, insolvency, reorganization, or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for the person or for any substantial part of the person's property shall toll the one-year period prescribed by Subsection (a) in which to bring an action to enforce the oil and gas lien for an additional period of 90 days after the earlier of the date:
(1) the proceeding is dismissed or otherwise finally concluded; or
(2) final relief is obtained from the appropriate tribunal authorizing the commencement of the action to enforce the oil and gas lien.

Tex. Prop. Code § 67.010

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 284,Sec. 4, eff. 9/1/2021.