Sec. 123.054. LIABILITY OF CERTAIN PURCHASERS OR RECIPIENTS OF CERTAIN PAYMENTS, BENEFITS, OR PROPERTY. A bona fide purchaser of property from a divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual or a person who receives from the former spouse or any relative of the former spouse who is not a relative of the divorced individual a payment, benefit, or property in partial or full satisfaction of an enforceable obligation:
(1) is not required by this subchapter to return the payment, benefit, or property; and
(2) is not liable under this subchapter for the amount of the payment or the value of the property or benefit.
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.16, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle C - Passage of Title and Distribution of Decedents' Property in General
Chapter 123 - Dissolution of Marriage
Subchapter B. Effect of Dissolution of Marriage on Certain Nontestamentary Transfers
Section 123.053. Effect of Revocation
Section 123.055. Liability of Former Spouse for Certain Payments, Benefits, or Property
Section 123.056. Certain Trusts With Divorced Individuals as Joint Settlors