Texas Transportation Code 112.062 – Railroad Company Property Subject to Execution; Characterization of Rolling Stock
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(a) All or any part of a railroad company’s real and personal property is subject to execution and sale in the same manner as the property of individuals.
(b) No portion of a railroad company’s real or personal property is exempt from execution and sale.
Terms Used In Texas Transportation Code 112.062
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The rolling stock and all other movable property belonging to a railroad company is considered personal property.