Texas Property Code - Section 21.103. Resale Of Property; Price
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Texas Laws > Property Code > Texas Property Code - Section 21.103. Resale Of Property; Price
§ 21.103. RESALE OF PROPERTY; PRICE. (a) Not later than
the 180th day after the date of the postmark on the notice sent
under Section 21.102, the property owner or the owner's heirs,
successors, or assigns must notify the governmental entity of the
person's intent to repurchase the property interest under this
subchapter.
(b) As soon as practicable after receipt of the notification
under Subsection (a), the governmental entity shall offer to sell
the property interest to the person for the fair market value of the
property at the time the public use was canceled. The person's
right to repurchase the property expires on the 90th day after the
date on which the governmental entity makes the offer.
Added by Acts 2003, 78th Leg., ch. 1307, § 2, eff. Jan. 1, 2004.
Section: 21.061 21.062 21.063 21.064 21.065 21.101 21.102 21.103 22.001 22.002 22.003 22.004 22.021 22.022 22.023
Last modified: August 11, 2007
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