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H. B. No. 1919 1 (6) from one co-owner to another co-owner of an 2 undivided interest in the real property; 3 (7) to a spouse or a person in the lineal line of 4 consanguinity of the seller; 5 (8) to or from a governmental entity; 6 (9) of only a mineral interest, leasehold interest, or 7 security interest; or 8 (10) of a real property interest in a condominium. 9 (d) If an executory contract is entered into without the 10 seller providing the notice required by this section, the purchaser 11 may terminate the contract for any reason not later than the earlier 12 of: 13 (1) the seventh day after the date the purchaser 14 receives the notice; or 15 (2) the date the transfer occurs as provided by the 16 executory contract. 17 (e) The purchaser's right to terminate the executory 18 contract under Subsection (d) is the purchaser's exclusive remedy 19 for the seller's failure to provide the notice required by this 20 section. 21 SECTION 2. Section 5.014, Property Code, as added by this 22 Act, applies only to an executory contract that is binding on a 23 seller and purchaser on or after January i, 2006. 24 SECTION 3. This Act takes effect January 1, 2006.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives.79th Texas Legislature, Regular Session, House Bill 1919, Chapter 1085,
legislative document,
June 18, 2005;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth156656/m1/3/:
accessed May 11, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.