Sec. 161.314. TIME OF FORFEITURE. The forfeiture is effective at the time the board meets and adopts a resolution directing its chairman to endorse on the wrapper that contains the papers of the sale or on the purchase contract filed in the land office the word "forfeited" or words of similar import and the date of the action and to officially sign the document. At that time, the land and all payments previously made are forfeited.
Acts 1977, 65th Leg., p. 2671, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Section: Previous 161.285 161.286 161.287 161.288 161.311 161.312 161.313 161.314 161.315 161.316 161.317 161.318 161.319 161.320 161.321 NextLast modified: September 28, 2016