In this subchapter, "default" means the failure to:
(1) make a timely payment; or
(2) comply with a term of an executory contract.
Official text of the Texas Property Code as published by the Texas Legislative Council.
Property Code › Title 2 › Chapter 5 › Subchapter D
Texas Property Code § 5.061
Definition
Conveyances · Executory Contract for Conveyance
Legislative history
Added by Acts 1995, 74th Leg., ch. 994, Sec. 2, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 5.065 and amended by Act 2001, 77th Leg., ch. 693, Sec. 1, Sept. 1, 2001.