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Texas Trust Fund Statute
TexasLaw
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11-4-2009 12:01 PM
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texas trust fund statute
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/59f7757d-2aaf-4fee-be84-4aa0ab825ea3/73461C0A-D365-4744-8791-D3E9628A48D2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dfwconstructionlawyer.com/2009/09/what-if-you-miss-your-bond-claim-deadline/" href="http://www.dfwconstructionlawyer.com/2009/09/what-if-you-miss-your-bond-claim-deadline/" style="font-size: 11px;">www.dfwconstructionlawyer.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dfwconstructionlawyer.com/2009/09/what-if-you-miss-your-bond-claim-deadline/">This is where the Texas Trust Fund Statute comes into place. The great thing about this statute is that you are able to sue owners of corporations personally for violation of the Statute. Specifically, owners of the General Contractor’s company can be sued by the supplier or subcontractor for the outstanding balances owed to them.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/73461C0A-D365-4744-8791-D3E9628A48D2/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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