Sec. 57.356. CONSTRUCTION OF SUBCHAPTER; CREDITOR'S CLAIMS. This subchapter may not be construed to affect any security interest the supplier may have in the inventory of the dealer, and any repurchase of the dealer's inventory under this subchapter may not be subject to the claims of any secured or unsecured creditor of the supplier or any assignee of the supplier until the dealer has received full payment or credit, as applicable, under this subchapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1039 (H.B. 3079), Sec. 2, eff. September 1, 2011.
Structure Texas Statutes
Title 4 - Business Opportunities and Agreements
Subchapter H. Repurchase or Other Obligations Following Cancellation or Nonrenewal of Agreement
Section 57.351. Definition of Terminate and Termination
Section 57.352. Applicability of Subchapter to Several Business Locations Covered by Same Agreement
Section 57.353. Payments or Credits
Section 57.354. Late Payment or Credit
Section 57.356. Construction of Subchapter; Creditor's Claims