Three's A Cowd: Texas Court Confirms That Material Correction Instruments Must Be Executed By Heirs, Successors, Or Assigns In Yates Energy Corporation V. Broadway National Bank

Gray Reed
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In a case of first impression, on December 19, 2018, the San Antonio Court of Appeals held that Section 5.029 of the Texas Property Code (the “Material Correction Statute”) requires that correction instruments be executed by a party’s heirs, successors, or assigns as opposed to the original party to a recorded instrument if the property interest conveyed in the original instrument has been assigned or conveyed by an original party to that party’s heirs, successors, or assigns.

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