Sec. 62.106. EXTINGUISHMENT OF LIEN UPON ESCROW. When the escrow account is established under this subchapter, the broker's lien against the commercial real estate is extinguished and becomes a lien on the proceeds in the escrow account.
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 62 - Broker's and Appraiser's Lien on Commercial Real Estate
Subchapter F. Escrow of Disputed Amounts
Section 62.101. Escrow Account
Section 62.102. Named Escrow Agent
Section 62.103. Costs of Interpleader
Section 62.104. Refusal to Establish Escrow Account or Bond