Texas Business And Commerce Code § 7.603 Conflicting Claims; Interpleader

Sec. 7.603. CONFLICTING CLAIMS; INTERPLEADER. If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action.

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.

Amended by:

Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.

Section: Previous  7.401  7.402  7.403  7.404  7.501  7.502  7.503  7.504  7.505  7.506  7.507  7.508  7.509  7.601  7.602

Last modified: September 28, 2016