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2021 Texas Statutes
Property Code
Title 5 - Exempt Property and Liens
Subtitle B - Liens
Chapter 67 - Oil and Gas Liens
Section 67.012. Payment Disputes
Universal Citation: TX Prop § 67.012 (2021)
Sec. 67.012. PAYMENT DISPUTES. In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made:
(1) to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay;
(2) to a person who otherwise shows the person is entitled to the money; or
(3) to a court of competent jurisdiction in the event of litigation or bankruptcy.
Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.
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