The liability of the original veteran purchaser and any subsequent assignee or assignees of the veteran are joint and several, but the original veteran purchaser is primarily liable for payment of the money under the original contract of sale and purchase. The board may release an assignor from liability under this section if at least three years have passed since the approved assignment.
Tex. Nat. Res. Code § 161.323
LIABILITY
Applied in 1 court decision — leading case G.T. Leach Builders, LLC v. Sapphire V.P., Lp (2015)
Most recently applied in G.T. Leach Builders, LLC v. Sapphire V.P., Lp (March 2015)
Acts 1977, 65th Leg., p. 2672, ch. 871, art
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.