Sec. 161.314. TIME OF FORFEITURE. The forfeiture is effective at the time the board meets and adopts a resolution directing its chairman to endorse on the wrapper that contains the papers of the sale or on the purchase contract filed in the land office the word "forfeited" or words of similar import and the date of the action and to officially sign the document. At that time, the land and all payments previously made are forfeited.
Acts 1977, 65th Leg., p. 2671, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
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