Sec. 1371.104. SOURCE OF REPAYMENT OF OBLIGATION    


Latest version.
  • An obligation must be repaid from:

    (1) a source of security for the payment of the obligation;

    (2) money received from a credit agreement; or

    (3) any other revenue legally available for the payment of the obligation.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.