Texas § PR.162.003 - BENEFICIARIES OF TRUST FUNDS
Full text of Texas The Texas Constitution § PR.162.003 — BENEFICIARIES OF TRUST FUNDS, with citation guidance and answers to common questions.
§ PR.162.003. BENEFICIARIES OF TRUST FUNDS
BENEFICIARIES OF TRUST FUNDS. (a) A person who is an artisan, laborer, mechanic, contractor, subcontractor, or materialman who labors or who furnishes labor or material for the construction or repair of an improvement on specific real property in this state, or that person's qualified assignee under Section 162.0031 , is a beneficiary of any trust funds paid or received in connection with the improvement. (b) A property owner is a beneficiary of trust funds described by Section 162.001 in connection with a residential construction contract, including funds deposited into a construction account described by Section 162.006 . Acts 1983, 68th Leg., p. 3721, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1997, 75th Leg., ch. 1018, Sec. 2, eff. Sept. 1, 1997. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1277 (H.B. 1513 ), Sec. 3, eff. September 1, 2009. Acts 2025, 89th Leg., R.S., Ch. 485 (S.B. 841 ), Sec. 1, eff. September 1, 2025.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.162.003
What does The Texas Constitution § PR.162.003 cover?
Section PR.162.003 ("BENEFICIARIES OF TRUST FUNDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.162.003?
A common citation format is "The Texas Constitution § PR.162.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.162.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.