Gavvy: Gov’t Code, Sec. 1371.104. Source of Repayment of Obligation.

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Sec. 1371.104. Source of Repayment of Obligation.

Sec. 1371.104. SOURCE OF REPAYMENT OF OBLIGATION. An obligation must be repaid from:

(1) a source of security for the payment of the obligation;

(2) money received from a credit agreement; or

(3) any other revenue legally available for the payment of the obligation.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Gavvy last updated this database on: Sep 6, 2024