Tex. Fin. Code § 342.009 · Subchapter A. GENERAL PROVISIONS; APPLICABILITY OF CHAPTER
RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm
- Text hash
- sha256 61c7c7b7759854144063b13611d470f39bedf1b4f115285616a4f05171a6cd8a
- 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.