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SB 480, 60th Regular Session
Relating to declaring construction payments and loan receipts to be trust funds; defining wrongful disbursement and misapplication of trust funds as a misdemeanor and felony and attaching a penalty; making the Texas Trust Act inapplicable and the application of the Act inapplicable to bonded jobs, closing agents and lending institutions.

Author: James Powell Word

Subjects:
CONTRACTORS & SUBCONTRACTORS
Property Interests--Mortgages & Liens
Property Interests--Real Property
TRUSTS

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