Tex. Prop. Code § 54.901

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 54.901 - Disposal of Certain Motor Vehicles Subject to Lien
(a) Notwithstanding any other law, a person authorized to dispose of property for which a lien under this chapter is attached may dispose of the property in accordance with Subchapter D, Chapter 683, Transportation Code, if:
(1) the property is a motor vehicle; and
(2) the person determines that:
(A) the vehicle's only residual value is as a source of parts or scrap metal; or
(B) it is not economical to dispose of the vehicle at a public sale.
(b) If a person disposes of the property under Subsection (a), the person shall apply the fair market value of the motor vehicle to the charges due to the person.

Tex. Prop. Code § 54.901

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1061,Sec. 3, eff. 9/1/2017.