Sec. 56.055. USE OF CLAUSE TO INVALIDATE ENFORCEABILITY OR PERFECTION OF MECHANIC'S LIEN PROHIBITED. A contingent payment clause may not be used as a basis for invalidation of the enforceability or perfection of a mechanic's lien under Chapter 53, Property Code.
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 B. Contingent Payment Clause
Section 56.051. Enforcement of Clause Prohibited to Extent Certain Contractual Obligations Not Met
Section 56.052. Enforcement of Clause Prohibited Following Notice From Contingent Payee
Section 56.053. Enforcement of Clause Prohibited if Existence of Sham Relationship
Section 56.054. Enforcement of Clause Prohibited if Unconscionable