Tex. Nat. Res. Code § 151.104

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 151.104 - Beneficiary of Trust

Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.

Tex. Nat. Res. Code § 151.104

Added by Acts 1997, 75th Leg., ch. 562, Sec. 1, eff. 9/1/1997. Renumbered from Sec. 151.154 by Acts 2001, 77th Leg., ch. 532, Sec. 1, eff. 9/1/2001.