Texas § TN.203.061 - PAYMENT PROCEDURE IF OWNER FAILS TO DELIVER EXECUTED DEED
Full text of Texas The Texas Constitution § TN.203.061 — PAYMENT PROCEDURE IF OWNER FAILS TO DELIVER EXECUTED DEED, with citation guidance and answers to common questions.
§ TN.203.061. PAYMENT PROCEDURE IF OWNER FAILS TO DELIVER EXECUTED DEED
PAYMENT PROCEDURE IF OWNER FAILS TO DELIVER EXECUTED DEED; ESCROW. (a) If the owner of property acquired by the department under this subchapter fails to deliver an executed deed before payment of consideration, the comptroller may issue a warrant on the appropriate account in payment of the consideration. The consideration shall be placed in escrow with a national or state bank that is: (1) authorized to do business in this state; and (2) located in the county of the residence of the owner or the county in which the real property is located. (b) If there is not a bank that satisfies the requirements of Subsection (a)(2), the consideration shall be placed in a national or state bank authorized to do business in this state in an adjoining county or the nearest available banking facility. (c) Consideration placed in escrow under this section shall be delivered to the owner on receipt of the properly executed deed. 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.203.061
What does The Texas Constitution § TN.203.061 cover?
Section TN.203.061 ("PAYMENT PROCEDURE IF OWNER FAILS TO DELIVER EXECUTED DEED") 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.203.061?
A common citation format is "The Texas Constitution § TN.203.061" (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.203.061 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.