Sec. 271.008. APPLICABILITY TO CERTAIN REAL PROPERTY TRANSACTIONS; EXCEPTIONS. (a) Sections 271.004-271.007 apply to the determination of the law that governs an issue relating to a transaction involving real property other than a matter described by Subsection (b), including the validity or enforceability of an indebtedness incurred in consideration for the transfer of, or the payment of which is secured by a lien on, real property.
(b) Sections 271.004-271.007 do not apply to the determination of the law that governs:
(1) whether a transaction transfers or creates an interest in real property for security purposes or otherwise;
(2) the nature of an interest in real property that is transferred or created by a transaction;
(3) the method for foreclosure of a lien on real property;
(4) the nature of an interest in real property that results from foreclosure; or
(5) the manner and effect of recording or failing to record evidence of a transaction that transfers or creates an interest in real property.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 9 - Applicability of Law to Commercial Transactions
Chapter 271 - Rights of Parties to Choose Law Applicable to Certain Transactions
Section 271.002. Substantially Similar or Related Transactions
Section 271.003. Conflict-of-Laws Rules
Section 271.004. Determination of Reasonable Relation of Transaction to Particular Jurisdiction
Section 271.005. Law Governing Issue Relating to Qualified Transaction
Section 271.008. Applicability to Certain Real Property Transactions; Exceptions
Section 271.009. Exception: Marriage or Adoption
Section 271.010. Exception: Decedent's Estate
Section 271.011. Exception: Other Statute Specifying Governing Law