Tex. Bus. & Com. Code § 56.057

ALLOCATION OF RISK PERMITTED

Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff

An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.