Texas Family Code - Section 4.106. Rights Of Creditors And Recordation Under Partition Or Exchange Agreement
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§ 4.106. RIGHTS OF CREDITORS AND RECORDATION UNDER
PARTITION OR EXCHANGE AGREEMENT. (a) A provision of a partition or
exchange agreement made under this subchapter is void with respect
to the rights of a preexisting creditor whose rights are intended to
be defrauded by it.
(b) A partition or exchange agreement made under this
subchapter may be recorded in the deed records of the county in
which a party resides and in the county in which the real property
affected is located. An agreement made under this subchapter is
constructive notice to a good faith purchaser for value or a
creditor without actual notice only if the instrument is
acknowledged and recorded in the county in which the real property
is located.
Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997.
Section: 4.009 4.010 4.101 4.102 4.103 4.104 4.105 4.106 4.201 4.202 4.203 4.204 4.205 4.206 5.001
Last modified: August 11, 2007
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