Texas Finance Code § 342.009 Return Of Property In Sale-leaseback Transaction

Sec. 342.009. RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION. The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff. Sept. 1, 2001.

Section: Previous  342.002  342.003  342.004  342.005  342.006  342.007  342.008  342.009  342.051  342.0515  342.052  342.053  342.101  342.102  342.103  Next

Last modified: September 28, 2016