Sec. 1105.203. SUBORDINATION OF LIEN ON REAL PROPERTY OWNED BY PERSONAL SURETY. (a) A personal surety required to create a lien on specific real property under Section 1105.202 who wishes to lease the real property for mineral development may file a written application in the court in which the proceeding is pending requesting subordination of the lien to the proposed lease.
(b) The judge may enter an order granting the application.
(c) A certified copy of an order entered under this section that is filed and recorded in the deed records of the proper county is sufficient to subordinate the lien to the rights of a lessee under the proposed lease.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle D - Creation of Guardianship
Chapter 1105 - Qualification of Guardians
Subchapter E. Provisions Relating to Personal Sureties
Section 1105.201. Affidavit of Personal Surety
Section 1105.202. Lien on Real Property Owned by Personal Surety
Section 1105.203. Subordination of Lien on Real Property Owned by Personal Surety
Section 1105.204. Release of Lien on Real Property Owned by Personal Sureties