Tex. Property Code § 53.024
This is the official text of Tex. Property Code § 53.024, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 53.024. LIMITATION ON SUBCONTRACTOR'S LIEN.
Official statutory text
The amount of a lien claimed by a subcontractor may not exceed:
(1) an amount equal to the proportion of the total subcontract price that the sum of the labor performed, materials furnished, materials specially fabricated, reasonable overhead costs incurred, and proportionate profit margin bears to the total subcontract price; minus
(2) the sum of previous payments received by the claimant on the subcontract.
(1) an amount equal to the proportion of the total subcontract price that the sum of the labor performed, materials furnished, materials specially fabricated, reasonable overhead costs incurred, and proportionate profit margin bears to the total subcontract price; minus
(2) the sum of previous payments received by the claimant on the subcontract.
Status: in_force · Read it on the official government site
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