Tex. Property Code § 62.105
This is the official text of Tex. Property Code § 62.105, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 62.105. TERM OF ESCROW ACCOUNT.
Official statutory text
The amount held in escrow shall be held in escrow until:
(1) the rights of the parties claiming the amount in escrow are determined by a written agreement of the parties, a court order, or an alternative dispute resolution process agreed to by the parties;
(2) the broker's lien is no longer enforceable; or
(3) the funds are interpled into a district court for the county in which the commercial real estate is located.
(1) the rights of the parties claiming the amount in escrow are determined by a written agreement of the parties, a court order, or an alternative dispute resolution process agreed to by the parties;
(2) the broker's lien is no longer enforceable; or
(3) the funds are interpled into a district court for the county in which the commercial real estate is located.
Status: in_force · Read it on the official government site
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