Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 5.061 - Definition In this subchapter, "default" means the failure to:
(1) make a timely payment; or(2) comply with a term of an executory contract.Added by Acts 1995, 74th Leg., ch. 994, Sec. 2, eff. 9/1/1995. Renumbered from Property Code Sec. 5.065 and amended by Act 2001, 77th Leg., ch. 693, Sec. 1, Sept. 1, 2001.