Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 4. ACTIONS AND REMEDIES |
Chapter 25. TRIAL OF RIGHT OF PROPERTY |
Sec. 25.002. DAMAGES
Latest version.
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If a claimant in a trial of the right of property does not establish a right to the property, the court shall adjudge damages against the obligors in the claimant's bond equal to 10 percent of the lesser of:
(1) the property's value; or
(2) the amount claimed under the writ levied against the property.
Acts 1983, 68th Leg., p. 3517, ch. 576, Sec. 1, eff. Jan. 1, 1984.