141.012 – VALIDITY AND EFFECT OF TRANSFER. (a) The
Texas Property Code § 141.012
Summary
This law ensures that certain property transfers remain valid even if the transferor fails to meet specific requirements or designates an ineligible custodian. It primarily affects individuals involved in property transfers under the specified chapter, providing clarity on the validity of such transactions.
Transfers remain valid despite transferor's non-compliance with possession requirements.
Designation of an ineligible custodian does not invalidate the transfer.
Exceptions apply if the transferor is ineligible to serve as custodian.
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In simple terms: Learn about Texas's VALIDITY AND EFFECT OF TRANSFER. (a) The 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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