Tex. Civil Practice and Remedies Code § 74.507
This is the official text of Tex. Civil Practice and Remedies Code § 74.507, part of Texas’s Civil Practice and Remedies Code — sets procedural rules and available remedies for civil lawsuits.
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§ 74.507. AWARD OF ATTORNEY'S FEES.
Official statutory text
For purposes of computing the award of attorney's fees when the claimant is awarded a recovery that will be paid in periodic payments, the court shall:
(1) place a total value on the payments based on the claimant's projected life expectancy; and
(2) reduce the amount in Subdivision (1) to present value.
(1) place a total value on the payments based on the claimant's projected life expectancy; and
(2) reduce the amount in Subdivision (1) to present value.
Status: in_force · Read it on the official government site
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