Texas Transportation Code 601.266 – Release On Involuntary Transfer of Title of Impounded Motor Vehicle
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Terms Used In Texas Transportation Code 601.266
- Contract: A legal written agreement that becomes binding when signed.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
(a) Notwithstanding § 601.262, the court shall order the release of a motor vehicle impounded under § 601.261 if, while the vehicle is impounded, title to the vehicle is transferred by:
(1) foreclosure;
(2) sale on execution;
(3) cancellation of a conditional sales contract; or
(4) judicial order.