Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 5. EXEMPT PROPERTY AND LIENS |
Subtitle B. LIENS |
Chapter 62. BROKER'S AND APPRAISER'S LIEN ON COMMERCIAL REAL ESTATE |
Subchapter F. ESCROW OF DISPUTED AMOUNTS |
Sec. 62.106. EXTINGUISHMENT OF LIEN UPON ESCROW
Latest version.
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When the escrow account is established under this subchapter, the broker's lien against the commercial real estate is extinguished and becomes a lien on the proceeds in the escrow account.
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.