Texas Property Code 112.104 – Liability of Certain Purchasers or Recipients of Certain Payments, Benefits, or Property
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Terms Used In Texas Property Code 112.104
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
A bona fide purchaser of property from a divorced individual’s former spouse or any relative of the former spouse who is not a relative of the divorced individual or a person who receives from the former spouse or any relative of the former spouse who is not a relative of the divorced individual a payment, benefit, or property in partial or full satisfaction of an enforceable obligation:
(1) is not required by this subchapter to return the payment, benefit, or property; and
(2) is not liable under this subchapter for the amount of the payment or the value of the property or benefit.