Texas § 342.009 RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION.

Texas Statutes

§ 342.009 — RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION.

Texas § 342.009

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 342.009 (2026).

Text

Sec. 342.009. RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION. The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.
SUBCHAPTER B. AUTHORIZED ACTIVITIES; LICENSE

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Sec. 342.009. RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION. The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.
SUBCHAPTER B. AUTHORIZED ACTIVITIES; LICENSE