Section 56.057. Allocation of Risk Permitted

TX Bus & Com Code § 56.057 (2019) (N/A)

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Sec. 56.057. ALLOCATION OF RISK PERMITTED. An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause.

Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 4.001(a), eff. September 1, 2009.

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Section 56.056. Assertion of Clause as Affirmative Defense

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