Payment Disputes

Sec. 67.012. PAYMENT DISPUTES. In the case of a payment dispute between an operator and another interest owner, a good-faith tender of money in satisfaction of a debt or security interest by one person operates as a tender of the money to both if tender is made: (1) to the person who the operator and other interest owner jointly directed the first purchaser in writing to pay; (2) to a person who otherwise shows the person is entitled to the money; or (3) to a court of competent jurisdiction in the event of litigation or bankruptcy. Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.