Tex. Prop. Code Section 62.105
Term of Escrow Account


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.
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.

Source: Section 62.105 — Term of Escrow Account, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­62.­htm#62.­105 (accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

§ 62.105’s source at texas​.gov