Tex. Prop. Code § 162.003

BENEFICIARIES OF TRUST FUNDS

Applied in 16 court decisions — leading case Cunningham v. T & R Demolition, Inc. (In Re ML & Associates, Inc.) (2003)

Most recently applied in Vast Construction, LLC v. CTC Contractors, LLC (July 2017)

Acts 1983, 68th Leg., p. 3721, ch. 576, Sec. 1, eff

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Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(a) A person who is an artisan, laborer, mechanic, contractor, subcontractor, or materialman who labors or who furnishes labor or material for the construction or repair of an improvement on specific real property in this state, or that person's qualified assignee under Section 162.0031, is a beneficiary of any trust funds paid or received in connection with the improvement.

(b) A property owner is a beneficiary of trust funds described by Section 162.001 in connection with a residential construction contract, including funds deposited into a construction account described by Section 162.006.

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