Texas § TN.202.023 - SALE OF REAL PROPERTY BY BID
Full text of Texas The Texas Constitution § TN.202.023 — SALE OF REAL PROPERTY BY BID, with citation guidance and answers to common questions.
§ TN.202.023. SALE OF REAL PROPERTY BY BID
SALE OF REAL PROPERTY BY BID. (a) A sale to the general public of an interest in real property under this subchapter is by sealed bid and may not be for less than the value determined by the commission under Section 202.021 . (b) The commission may require that each bidder pay to the commission a bid deposit in an amount and form determined by the commission. (c) The commission shall apply the bid deposit to the purchase price of the property for the bid accepted by the commission. (d) If for any reason the bidder fails to complete the purchase before the 61st day after the date on which the bidder receives written notice that the state is ready to complete the sale, the bid deposit is forfeited. (e) The state shall refund the bid deposit if the state is unable to complete the sale. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.202.023
What does The Texas Constitution § TN.202.023 cover?
Section TN.202.023 ("SALE OF REAL PROPERTY BY BID") 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 § TN.202.023?
A common citation format is "The Texas Constitution § TN.202.023" (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 § TN.202.023 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.