ALLOCATION OF RISK PERMITTED.

Tex. BUS. & COM Code § 56.057.
in effect
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An obligor or a primary obligor may not prohibit a contingent payor from allocating risk by means of a contingent payment clause. Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 4.001(a), eff. September 1, 2009.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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