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Terms Used In Texas Property Code 62.103

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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

Related costs for any interpleader action may be deducted from the escrow account by the person maintaining the escrow account.