Texas Natural Resources Code 52.184 – Statement of Consideration
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Terms Used In Texas Natural Resources Code 52.184
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
No lease executed under this subchapter after September 17, 1939, is binding on the state unless it recites the actual and true consideration paid or promised.