Texas § CP.15.020 - MAJOR TRANSACTIONS
Full text of Texas The Texas Constitution § CP.15.020 — MAJOR TRANSACTIONS, with citation guidance and answers to common questions.
§ CP.15.020. MAJOR TRANSACTIONS
MAJOR TRANSACTIONS: SPECIFICATION OF VENUE BY AGREEMENT. (a) In this section, "major transaction" means a transaction evidenced by a written agreement under which a person pays or receives, or is obligated to pay or entitled to receive, consideration with an aggregate stated value equal to or greater than $1 million. The term does not include a transaction entered into primarily for personal, family, or household purposes, or to settle a personal injury or wrongful death claim, without regard to the aggregate value. (b) An action arising from a major transaction shall be brought in a county if the party against whom the action is brought has agreed in writing that a suit arising from the transaction may be brought in that county. (c) Notwithstanding any other provision of this title, an action arising from a major transaction may not be brought in a county if: (1) the party bringing the action has agreed in writing that an action arising from the transaction may not be brought in that county, and the action may be brought in another county of this state or in another jurisdiction; or (2) the party bringing the action has agreed in writing that an action arising from the transaction must be brought in another county of this state or in another jurisdiction, and the action may be brought in that other county, under this section or otherwise, or in that other jurisdiction. (d) This section does not apply to an action if: (1) the agreement described by this section was unconscionable at the time that it was made; (2) the agreement regarding venue is void under Chapter 272 , Business & Commerce Code; or (3) venue is established under a statute of this state other than this title. (e) This section does not affect venue and jurisdiction in an action arising from a transaction that is not a major transaction. Added by Acts 1999, 76th Leg., ch. 84, Sec. 1, eff. Aug. 30, 1999. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.10, eff. April 1, 2009. Acts 2025, 89th Leg., R.S., Ch. 427 (H.B. 2960 ), Sec. 3, eff. September 1, 2025. SUBCHAPTER C. PERMISSIVE VENUE
Frequently Asked Questions About Texas § CP.15.020
What does The Texas Constitution § CP.15.020 cover?
Section CP.15.020 ("MAJOR TRANSACTIONS") 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 § CP.15.020?
A common citation format is "The Texas Constitution § CP.15.020" (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 § CP.15.020 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.