Tex. Prop. Code § 53.024

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

Section 53.024 - Limitation on Subcontractor's Lien

The amount of a lien claimed by a subcontractor may not exceed:

(1) an amount equal to the proportion of the total subcontract price that the sum of the labor performed, materials furnished, materials specially fabricated, reasonable overhead costs incurred, and proportionate profit margin bears to the total subcontract price; minus

(2) the sum of previous payments received by the claimant on the subcontract.

Tex. Prop. Code § 53.024

Acts 1983, 68th Leg., p. 3536, ch. 576, Sec. 1, eff. 1/1/1984.