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2023 Texas Statutes
Business and Commerce Code
Title 4 - Business Opportunities and Agreements
Chapter 57 - Agricultural, Construction, Industrial, Mining, Forestry, Landscaping, and Outdoor Power Equipment Dealer Agreements
Subchapter H. Repurchase or Other Obligations Following Cancellation or Nonrenewal of Agreement
Section 57.356. Construction of Subchapter; Creditor's Claims
Universal Citation:
TX Bus & Com Code § 57.356 (2023)
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Sec. 57.356. CONSTRUCTION OF SUBCHAPTER; CREDITOR'S CLAIMS. This subchapter may not be construed to affect any security interest the supplier may have in the inventory of the dealer, and any repurchase of the dealer's inventory under this subchapter may not be subject to the claims of any secured or unsecured creditor of the supplier or any assignee of the supplier until the dealer has received full payment or credit, as applicable, under this subchapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1039 (H.B. 3079), Sec. 2, eff. September 1, 2011.
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