Tex. Bus. & Com. Code § 56.057 · Subchapter B. CONTINGENT PAYMENT CLAUSE
ALLOCATION OF RISK PERMITTED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.56.htm
- Text hash
- sha256 d932ffdd82d57f9af8d4171a21789bb23ccb96bd9b87006721512b07984b290e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.