Tex. Property Code § 53.101
FUNDS REQUIRED TO BE RESERVED
Texas · Texas Property Code · Status: effective
Cite this
- Citation
- Tex. Property Code § 53.101, FUNDS REQUIRED TO BE RESERVED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/564005
- Permanent ID
ys:prov:564005@1- SHA-256
9447ab65fcf9ea67e6327739772c83f75868243691ccc58a27c4bcfe8213aa73
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) During the progress of work under an original contract for which a mechanic's lien may be claimed and for 30 days after the work under the contract is completed, the owner shall reserve:
(1) 10 percent of the contract price of the work to the owner; or
(2) 10 percent of the value of the work, measured by the proportion that the work done bears to the work to be done, using the contract price or, if there is no contract price, using the reasonable value of the completed work.
(b) In this section, "owner" includes the owner's agent, trustee, or receiver.