Sec. 67.012. PAYMENT DISPUTES. In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made:
(1) to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay;
(2) to a person who otherwise shows the person is entitled to the money; or
(3) to a court of competent jurisdiction in the event of litigation or bankruptcy.
Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 67 - Oil and Gas Liens
Section 67.002. Oil and Gas Lien
Section 67.003. Transfer of Oil and Gas Rights
Section 67.004. Automatic Perfection of Lien
Section 67.006. Rights of Purchasers
Section 67.007. Priority in Relation to Other Liens or Security Interests
Section 67.008. Title Not Affected
Section 67.010. Limitation on Filing Action to Enforce Lien
Section 67.011. Venue; Jurisdiction
Section 67.012. Payment Disputes
Section 67.013. Costs; Attorney's Fees
Section 67.014. Certain Rights of Operator Not Impaired
Section 67.015. Interest Owner Rights Cumulative
Section 67.016. Liberal Construction of Interest Owner Rights