Texas § GV.825.3021 - APPRAISAL AND SALE OF REAL PROPERTY
Full text of Texas The Texas Constitution § GV.825.3021 — APPRAISAL AND SALE OF REAL PROPERTY, with citation guidance and answers to common questions.
§ GV.825.3021. APPRAISAL AND SALE OF REAL PROPERTY
APPRAISAL AND SALE OF REAL PROPERTY. If the retirement system acquires, through foreclosure or conveyance of deed in lieu of foreclosure, real property assets or stock in an entity the major asset of which is real property, the retirement system shall, not later than the 90th day after the date of acquisition: (1) have the real property appraised by an appraiser who is not a trustee or employee of the retirement system and who has received MAI or SRA; (2) acquire a foreclosure endorsement to the mortgagee's title insurance policy; and (3) if the real property contains improvements, employ an individual who is not, or a property management company that is not owned by, a trustee or employee of the retirement system and who is, or that employs, a CPM, CAM, or RAM to manage the property. Added by Acts 1993, 73rd Leg., ch. 812, Sec. 21, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.825.3021
What does The Texas Constitution § GV.825.3021 cover?
Section GV.825.3021 ("APPRAISAL AND SALE OF REAL PROPERTY") 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 § GV.825.3021?
A common citation format is "The Texas Constitution § GV.825.3021" (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 § GV.825.3021 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.