Payment Secured by Reserved Funds

Mechanic's, Contractor's, or Materialman's Lien · Funds Reserved for Benefit of Lien Claimants

The reserved funds secure the payment of artisans and mechanics who perform labor or service and the payment of other persons who furnish material, material and labor, or specially fabricated material for any contractor, subcontractor, agent, or receiver in the performance of the work.

Official text of the Texas Property Code as published by the Texas Legislative Council.

Official source

Legislative history

Acts 1983, 68th Leg., p. 3545, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Acts 2021, 87th Leg., R.S., Ch. 690 (H.B. 2237), Sec. 18, eff. January 1, 2022.