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Tex. Prop. Code § 56.005

ACCRUAL OF INDEBTEDNESS

Applied in 2 court decisions — leading case Rand Energy Co. v. Strata Directional Technology, Inc. (In Re Rand Energy Co.) (2001)

Most recently applied in Shell Western E & P, Inc. v. Pel-State Bulk Plant, LLC (October 2016)

Acts 1983, 68th Leg., p. 3567, ch. 576, Sec. 1, eff

(a) The indebtedness for labor performed by the day or week accrues at the end of each week during which the labor is performed.

(b) The indebtedness for material or services accrues on the date the material or services were last furnished. All material or services that a person furnishes for the same land, leasehold interest, oil or gas pipeline, or oil or gas pipeline right-of-way are considered to be furnished under a single contract unless more than six months elapse between the dates the material or services are furnished.

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