Ch. 162 texas property code
Web(b) A property owner is a beneficiary of trust funds described by Section 162.001 in connection with a residential construction contract, including funds deposited into a construction account described by Section 162.006. Acts 1983, 68th Leg., p. 3721, ch. 576, Sec. 1, eff. Jan. 1, 1984. WebTexas Property Code Sec. 162.007 Management of Construction Accounts (a) A contractor required to maintain a construction account under this subchapter shall maintain an account record for the construction account that provides information relating to: (1) the source and amount of the funds in the account and the date the funds were deposited; (2)
Ch. 162 texas property code
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WebChapter 162 - Construction Payments, Loan Receipts, and Misapplication of Trust Funds Subchapter A. Construction Payments and Loan Receipts Section 162.001. Construction Payments and Loan Receipts as Trust Funds Universal Citation: TX Prop § 162.001 (2024) Sec. 162.001. CONSTRUCTION PAYMENTS AND LOAN RECEIPTS AS TRUST FUNDS. WebTexas Property Code Sec. 162.006 Construction Account Required in Certain Circumstances (a) A contractor who enters into a written contract with a property owner to construct improvements to a residential homestead for an amount exceeding $5,000 shall deposit the trust funds in a construction account in a financial institution. (b)
WebTerms Used In Texas Property Code Chapter 162 - Construction Payments, Loan Receipts, and Misapplication of Trust Funds. Affidavit: means a statement in writing of a …
Web2009 Texas Code PROPERTY CODE TITLE 16. TEXAS RESIDENTIAL CONSTRUCTION COMMISSION ACT ... a violation of Chapter 162. (c) For the purposes of this section, "damage to goods" does not ... (Subchapter E, Chapter 17, Business & Commerce Code), this subtitle prevails. Added by Acts 2003, 78th Leg., ch. 458, Sec. 1.01, eff. Sept. 1, WebOrganization:Charles F. Holmans III Attorney at Law PROSECUTING AND DEFENDING CLAIMS A. Identifying the Parties and Documenting the Claim Know who the players are and what the project is It is always important to determine the identity and status of the parties involved.
WebJustia Free Databases of US Laws, Codes & Statutes. 2024 Texas Statutes Property Code Title 10 - Miscellaneous Beneficial Property Interests Subtitle B - Fiduciaries Chapter 162 - Construction Payments, Loan Receipts, and Misapplication of Trust Funds Subchapter A. Construction Payments and Loan Receipts Section 162.005. Definitions
WebA property owner is a beneficiary of trust funds described by Section 162.001 (Construction Payments and Loan Receipts As Trust Funds) in connection with a residential construction contract, including funds deposited into a construction account described by Section 162.006 (Construction Account Required in Certain Circumstances). court sunshineWebMar 12, 2024 · Code § 162.001(b). An owner who receives such funds and diverts them in accordance with Chapter 162, rather than using them to pay contractors, creates liability under the Act. There is also … court summons formatWebrequirements of Chapter 15 of this code, Chapter 195, Local Government Code, Chapter 322, Business & Commerce Code, or other applicable law. (d)AAThis section does not apply to a child support lien notice issued by the Title IV-D agency under Chapter 157, Family Code.AAFor purposes of this subsection, "Title IV-D agency" has the courts \u0026 greens bakersfield ca locationWebPROPERTY CODE CHAPTER 162. CONSTRUCTION PAYMENTS, LOAN RECEIPTS, AND MISAPPLICATION OF TRUST FUNDS PROPERTY CODE TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS SUBTITLE B. FIDUCIARIES … court supply richmond aveWebRULE §9.3044. Appointment of Agents for Property Tax Matters. (a) Except as otherwise provided by existing court order, law, or other comptroller rule, a property owner shall use comptroller form 50-162 to designate an agent for property tax matters pursuant to Tax Code, §1.111 (a). Except as provided in subsection (b) of this section, forms ... brian scapardine wisconsinWebFeb 24, 2024 · Sec. 162.002. CONTRACTORS AS TRUSTEES. A contractor, subcontractor, or owner or an officer, director, or agent of a contractor, subcontractor, or owner, who receives trust funds or who has control or direction of trust funds, is a trustee of the trust funds. Sec. 162.003. BENEFICIARIES OF TRUST FUNDS. (a) An artisan, … brians card shopWeb(1) is verified and alleges that the person against whom the action is pending did not receive the written notice required by Subsection (a), the person against whom the action is pending was not given a reasonable opportunity to inspect the property as required by Subsection (a), or the claimant failed to follow the procedures specified by … court structure new york