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Tex. Property Code § 82.069

RIGHTS OF SECURED LENDERS

Texas · Texas Property Code · Status: effective

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Tex. Property Code § 82.069, RIGHTS OF SECURED LENDERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/564607
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The declaration may require that all or a specified number or percentage of the mortgagees or beneficiaries of deeds of trust encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but a requirement for approval may not operate to: (1) deny or delegate control over the general administrative affairs of the association by the unit owners or the board; or (2) prevent the association or the board from: (A) commencing, intervening in, or settling any litigation or proceeding; or (B) receiving and distributing insurance proceeds under Section 82.111.