Texas § PR.162.0031 - BENEFICIARY'S ASSIGNMENT OF INTEREST IN UNPAID TRUST FUNDS
Full text of Texas The Texas Constitution § PR.162.0031 — BENEFICIARY'S ASSIGNMENT OF INTEREST IN UNPAID TRUST FUNDS, with citation guidance and answers to common questions.
§ PR.162.0031. BENEFICIARY'S ASSIGNMENT OF INTEREST IN UNPAID TRUST FUNDS
BENEFICIARY'S ASSIGNMENT OF INTEREST IN UNPAID TRUST FUNDS. An assignment by a beneficiary of the beneficiary's interest in unpaid trust funds under this chapter may not be enforced unless: (1) the assignment is: (A) made in writing not earlier than the date the assignee has paid the beneficiary in good and sufficient funds for the assignment; and (B) not made as part of the beneficiary's construction contract; (2) the assignee is a beneficiary, trustee, or property owner under the contract for the construction or repair of an improvement on real property in connection with which the payment of trust funds is made; and (3) written notice of the assignment is provided to the property owner and the contractor on the project not later than the seventh day after the date the assignment is made. Added by Acts 2025, 89th Leg., R.S., Ch. 485 (S.B. 841 ), Sec. 2, eff. September 1, 2025.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.162.0031
What does The Texas Constitution § PR.162.0031 cover?
Section PR.162.0031 ("BENEFICIARY'S ASSIGNMENT OF INTEREST IN UNPAID 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.162.0031?
A common citation format is "The Texas Constitution § PR.162.0031" (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.162.0031 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.