Sec. 161.312. FORFEITURE BY BOARD. (a) If a portion of the principal of or interest on any sale is not paid when due, or if the provisions of this chapter, the contract, or the rules of the board are not complied with, the contract of sale and purchase is subject to forfeiture by action of the board on 30 days written notice to the original purchaser and his vendee.
(b) The notice shall state the reason why the contract of sale and purchase is subject to forfeiture and is sufficient if given by certified mail to the last known address of the original purchaser and his vendees.
Acts 1977, 65th Leg., p. 2671, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1999, 76th Leg., ch. 134, Sec. 3, eff. May 20, 1999.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Section 161.311. Board Judge of Forfeiture
Section 161.312. Forfeiture by Board
Section 161.313. Correction of Reason for Forfeiture
Section 161.314. Time of Forfeiture
Section 161.315. Notice to County Clerk
Section 161.316. Effect of Forfeiture on Leases
Section 161.317. Reinstatement of Purchase
Section 161.318. Resale of Land
Section 161.319. Resale of Forfeited Land
Section 161.320. Late Payments; Default Interest Rate
Section 161.321. Vacating Premises
Section 161.322. Enforcement of Forfeiture and Protection of Rights