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Tex. Fin. Code § 342.009

RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff

The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.

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