Sec. 53.151. ENFORCEMENT OF REMEDIES AGAINST MONEY DUE ORIGINAL CONTRACTOR OR SUBCONTRACTOR. (a) A creditor of an original contractor may not collect, enforce a security interest against, garnish, or levy execution on the money due the original contractor or the contractor's surety from the owner, and a creditor of a subcontractor may not collect, enforce a security interest against, garnish, or levy execution on the money due the subcontractor, to the prejudice of the subcontractors, mechanics, laborers, materialmen, or their sureties.
(b) A surety issuing a payment bond or performance bond in connection with the improvements has a priority claim over other creditors of its principal to contract funds to the extent of any loss it suffers or incurs. That priority does not excuse the surety from paying any obligations that it may have under its payment bonds.
Acts 1983, 68th Leg., p. 3548, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 1138, Sec. 20, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 53 - Mechanic's, Contractor's, or Materialman's Lien
Subchapter G. Release and Foreclosure; Action on Claim
Section 53.151. Enforcement of Remedies Against Money Due Original Contractor or Subcontractor
Section 53.152. Release of Claim or Lien
Section 53.153. Defense of Actions
Section 53.155. Transfer of Property Sold
Section 53.156. Costs and Attorney's Fees
Section 53.157. Discharge of Lien
Section 53.158. Period for Bringing Suit to Foreclose Lien
Section 53.159. Obligation to Furnish Information
Section 53.160. Summary Motion to Remove Invalid or Unenforceable Lien