Tex. Property Code § 82.069
This is the official text of Tex. Property Code § 82.069, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 82.069. RIGHTS OF SECURED LENDERS.
Official statutory text
The declaration may require that all or a specified number or percentage of the mortgagees or beneficiaries of deeds of trust encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but a requirement for approval may not operate to:
(1) deny or delegate control over the general administrative affairs of the association by the unit owners or the board; or
(2) prevent the association or the board from:
(A) commencing, intervening in, or settling any litigation or proceeding; or
(B) receiving and distributing insurance proceeds under Section 82.111.
(1) deny or delegate control over the general administrative affairs of the association by the unit owners or the board; or
(2) prevent the association or the board from:
(A) commencing, intervening in, or settling any litigation or proceeding; or
(B) receiving and distributing insurance proceeds under Section 82.111.
Status: in_force · Read it on the official government site
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