Texas Property Code 53.287 – Certain Agreements Exempt
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Terms Used In Texas Property Code 53.287
- Lien: A claim against real or personal property in satisfaction of a debt.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
This subchapter does not apply to a written agreement to subordinate, release, waive, or satisfy all or part of a lien or bond claim in:
(1) an accord and satisfaction of an identified dispute;
(2) an agreement concerning an action pending in any court or arbitration proceeding; or
(3) an agreement that is executed after an affidavit claiming the lien has been filed or the bond claim has been made.