Texas Natural Resources Code 161.237 – Exemption From Certain Real Estate Transaction Laws
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(a) Unless the statute specifically states that the statute applies to the board, the following statutes do not apply to the board:
(1) a statute that would require the board to provide a notice or disclosure to a buyer of real property; and
(2) a statute relating to the sale, purchase, or financing of real property by an executory contract, including a contract for deed or other similar sale.
(b) This section does not affect the application of a statute described by Subsection (a)(2) to a party involved in a transaction with the board.
Terms Used In Texas Natural Resources Code 161.237
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.