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Texas Natural Resources Code

§ 151.103 — TIMBER PURCHASER AS TRUSTEE

NR § 151.103Title 6. TIMBER · Ch. 151. PROVISIONS GENERALLY APPLICABLE · Art. C. PAYMENT FOR TIMBER PURCHASED

Statute text

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A timber purchaser and each officer, director, partner, or agent of a timber purchaser are trustees of trust money.

Legislative history

Added by Acts 1997, 75th Leg., ch. 562, Sec. 1, eff. Sept. 1, 1997. Renumbered from Sec. 151.153 by Acts 2001, 77th Leg., ch. 532, Sec. 1, eff. Sept. 1, 2001.

Source: Texas Natural Resources Code § 151.103 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.