Tex. Prop. Code § 223.001 · Chapter 223. BUSINESS ENTITY-OWNED RESIDENTIAL ARRANGEMENTS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Business entity" means a partnership, corporation, joint venture, limited liability company, or other business organization or business association, however organized.
(2) "Managing entity" means a business entity that owns residential property used in a residential arrangement.
(3) "Residential arrangement" means an arrangement in which the purchaser of an interest in a business entity is entitled to exclusive possession of residential property owned by the entity as long as the purchaser holds the interest in the business entity.
(4) "Residential property" means the real property and improvements for a single-family house, duplex, triplex, or quadruplex.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 1096 (H.B. 4211), Sec. 1, eff. June 20, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.223.htm
- Text hash
- sha256 541d1aee7c52a4fd5fa56e15ccc1fc8001973f77fd07a0f334a4c77bebb47bf2
- 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.