Tex. Gov't Code § 1504.210 · Subchapter E. OBLIGATIONS FOR EXPOSITION AND CONVENTION HALLS IN MUNICIPALITIES WITH POPULATION OF 290,000 OR MORE
TRUSTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A contract under which an exposition or convention hall is encumbered may provide for:
(1) the selection of a trustee to sell the hall on a default in the payment of principal or interest or another default under the contract;
(2) the selection of a successor trustee, if the original trustee is disqualified or fails to act; and
(3) the collection by the trustee of a fee of not more than five percent of the principal.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1504.htm
- Text hash
- sha256 48143a82cc6651ec1c4eb8ee87d8b7039d97c9e82fbe338a8996d75b346d77e8
- 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.