Texas § CP.64.073 - EARNINGS ON IMPROVED PROPERTY LIABLE FOR DEBTS
Full text of Texas The Texas Constitution § CP.64.073 — EARNINGS ON IMPROVED PROPERTY LIABLE FOR DEBTS, with citation guidance and answers to common questions.
§ CP.64.073. EARNINGS ON IMPROVED PROPERTY LIABLE FOR DEBTS
EARNINGS ON IMPROVED PROPERTY LIABLE FOR DEBTS. (a) A corporation in receivership shall contribute to the payment of any floating debts against it an amount equal to the full value of current earnings spent by the receiver for: (1) improvements to the corporate property held by the receiver, the purchase of rolling stock or machinery, and other improvements that increase the value of the property; or (2) the extension of a road or the acquisition of land in connection with a road. (b) If property of a corporation in receivership is sold under court order in a lien foreclosure, the court shall order the clerk to retain from the sale proceeds an amount equal to the value of improvements made by the receiver to the property sold and shall order that money to be paid to persons with a claim, debt, or judgment against the corporation. The courts shall require an amount of cash sufficient for that purpose to be paid in at the date of sale. Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § CP.64.073
What does The Texas Constitution § CP.64.073 cover?
Section CP.64.073 ("EARNINGS ON IMPROVED PROPERTY LIABLE FOR DEBTS") 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.64.073?
A common citation format is "The Texas Constitution § CP.64.073" (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.64.073 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.