181.055 – NOTICE OF RELEASE. (a) A fiduciary or other
Texas Property Code § 181.055
Summary
This law specifies that a fiduciary or person controlling property must receive a release notice to be aware of it. Additionally, purchasers or lessees of real property are not considered to have notice of a release unless they receive the actual release document.
Fiduciaries must receive a release notice to be informed.
Purchasers without actual notice are not liable for releases.
Delivery of the release document is required for notice.
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In simple terms: Learn about Texas's NOTICE OF RELEASE. (a) A fiduciary or other 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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