Sec. 56.003. EFFECT OF CHAPTER ON TIMING OF PAYMENT PROVISIONS. This chapter does not affect a provision that affects the timing of a payment in a contract for construction management or for the construction of improvements to real property if the payment is to be made within a reasonable period.
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff. September 1, 2009.
Structure Texas Statutes
Title 4 - Business Opportunities and Agreements
Chapter 56 - Agreement for Payment of Construction Subcontractor
Subchapter A. General Provisions
Section 56.002. Inapplicability of Chapter to Certain Contracts
Section 56.003. Effect of Chapter on Timing of Payment Provisions