Tex. Prop. Code § 62.105

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 62.105 - Term of Escrow Account

The amount held in escrow shall be held in escrow until:

(1) the rights of the parties claiming the amount in escrow are determined by a written agreement of the parties, a court order, or an alternative dispute resolution process agreed to by the parties;

(2) the broker's lien is no longer enforceable; or

(3) the funds are interpled into a district court for the county in which the commercial real estate is located.

Tex. Prop. Code § 62.105

Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. 8/30/1999.