Tex. Prop. Code § 221.053 · Subchapter F. EXCHANGE PROGRAM
EXCHANGE COMPANY LIABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Except for written information or audio-visual materials provided to a developer by an exchange company, an exchange company does not incur liability as a result of:
(1) a representation made by a developer that relates to any exchange program or exchange company; or
(2) the use, delivery, or publication by a developer of information that relates to an exchange program or exchange company.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff. Sept. 1, 1987. Renumbered from Sec. 201.053 by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(b), eff. Aug. 28, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.221.htm
- Text hash
- sha256 d2b1a6e05466a51c236bdb4b021ca4d879932f5559093e57906364aa9802b31d
- 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.