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Texas Statutes (Last Updated: January 4, 2014) |
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BUSINESS AND COMMERCE CODE |
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Title 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS |
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Chapter 271. RIGHTS OF PARTIES TO CHOOSE LAW APPLICABLE TO CERTAIN TRANSACTIONS |
Sec. 271.008. APPLICABILITY TO CERTAIN REAL PROPERTY TRANSACTIONS; EXCEPTIONS
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(a) Sections 271.004-271.007 apply to the determination of the law that governs an issue relating to a transaction involving real property other than a matter described by Subsection (b), including the validity or enforceability of an indebtedness incurred in consideration for the transfer of, or the payment of which is secured by a lien on, real property.
(b) Sections 271.004-271.007 do not apply to the determination of the law that governs:
(1) whether a transaction transfers or creates an interest in real property for security purposes or otherwise;
(2) the nature of an interest in real property that is transferred or created by a transaction;
(3) the method for foreclosure of a lien on real property;
(4) the nature of an interest in real property that results from foreclosure; or
(5) the manner and effect of recording or failing to record evidence of a transaction that transfers or creates an interest in real property.