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Texas Statutes (Last Updated: January 4, 2014) |
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PROPERTY CODE |
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Title 5. EXEMPT PROPERTY AND LIENS |
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Subtitle B. LIENS |
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Chapter 53. MECHANIC'S, CONTRACTOR'S, OR MATERIALMAN'S LIEN |
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Subchapter E. REQUIRED RETAINAGE FOR BENEFIT OF LIEN CLAIMANTS |
Sec. 53.103. LIEN ON RETAINED FUNDS
Latest version.
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A claimant has a lien on the retained funds if the claimant:
(1) sends the notices required by this chapter in the time and manner required; and
(2) except as allowed by Section 53.057(f), files an affidavit claiming a lien not later than the 30th day after the earliest of the date:
(A) the work is completed;
(B) the original contract is terminated; or
(C) the original contractor abandons performance under the original contract.
Acts 1983, 68th Leg., p. 3545, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by: Acts 2005, 79th Leg., Ch. 1003 , Sec. 1, eff. September 1, 2005. Acts 2011, 82nd Leg., R.S., Ch. 499 , Sec. 3, eff. September 1, 2011.