128.038 – TERMINATION STATEMENT. (a) If a lien claimant
Texas Agriculture Code § 128.038
Summary
This law requires lien claimants to file a termination statement after receiving full payment for a lien, provided they haven't supplied certain agricultural goods or services in the preceding 45 days. It ensures that debtors are notified when their lien obligations are satisfied.
Lien claimants must file a termination statement after full payment.
Applies if no agricultural goods or services were provided in 45 days.
Debtors must receive a copy of the termination statement.
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In simple terms: Learn about Texas's TERMINATION STATEMENT. (a) If a lien claimant law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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