Tex. Prop. Code § 67.012

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

Section 67.012 - Payment Disputes

In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made:

(1) to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay;

(2) to a person who otherwise shows the person is entitled to the money; or

(3) to a court of competent jurisdiction in the event of litigation or bankruptcy.

Tex. Prop. Code § 67.012

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