Texas Transportation Code

§ 112.062 — RAILROAD COMPANY PROPERTY SUBJECT TO EXECUTION; CHARACTERIZATION OF ROLLING STOCK

TN § 112.062Title 5. RAILROADS · Part C. RAILROADS GENERALLY · Ch. 112. POWERS AND DUTIES OF RAILROADS · Art. B. ACQUISITION AND USE OF PROPERTY BY RAILROAD OR OF RAILROAD

Statute text

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(a)All or any part of a railroad company's real and personal property is subject to execution and sale in the same manner as the property of individuals.

(b)No portion of a railroad company's real or personal property is exempt from execution and sale.

(c)The rolling stock and all other movable property belonging to a railroad company is considered personal property.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.03, eff. April 1, 2011.