Texas § PR.221.053 - EXCHANGE COMPANY LIABILITY

Full text of Texas The Texas Constitution § PR.221.053 — EXCHANGE COMPANY LIABILITY, with citation guidance and answers to common questions.

§ PR.221.053. EXCHANGE COMPANY LIABILITY

EXCHANGE COMPANY LIABILITY. Except for written information or audio-visual materials provided to a developer by an exchange company, an exchange company does not incur liability as a result of: (1) a representation made by a developer that relates to any exchange program or exchange company; or (2) the use, delivery, or publication by a developer of information that relates to an exchange program or exchange company. Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff. Sept. 1, 1987. Renumbered from Sec. 201.053 by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(b), eff. Aug. 28, 1989. SUBCHAPTER G. ESCROW DEPOSITS

Related Texas Legal Topics

Frequently Asked Questions About Texas § PR.221.053

What does The Texas Constitution § PR.221.053 cover?

Section PR.221.053 ("EXCHANGE COMPANY LIABILITY") 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.221.053?

A common citation format is "The Texas Constitution § PR.221.053" (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.221.053 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.