Texas Business And Commerce Code § 56.057 Allocation Of Risk Permitted

Sec. 56.057. ALLOCATION OF RISK PERMITTED. An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause.

Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff. September 1, 2009.

Section: Previous  56.001  56.002  56.003  56.004  56.051  56.052  56.053  56.054  56.055  56.056

Last modified: September 28, 2016