Texas Landowner Liability Acts: Protection For Your Operation, Land, and Heritage
BLOGS|22 Nov 2023
As a farmer, rancher, or landowner, you understand the importance of protecting your […]
- The property meets the definition of agricultural land as stated in the statute.
- The property is being used for recreational purposes.
- You meet at least one of the three following monetary requirements:
- No fee is charged for recreational use of the land.
- If a fee is charged, total income must be less than 20 times the taxes paid for all property.
- You maintain adequate liability insurance coverage.
- It does not protect trespassers or anyone who enters the property with the intent to commit a crime or cause harm.
- It can also protect individuals leasing or occupying the land.
- Landowners must not deliberately create hazardous conditions on their property.
- No signage is required.
- The property meets the definition of agricultural land.
- Required signage must be posted in a clearly visible location.
- Participants must sign an agreement that contains specific language prior to engaging in the activity.
- This Act applies only to injuries caused by inherent risks of farm animal activity.
- It applies only if the owner of the animal did not act negligently or recklessly.
- The Act does not cover wild animals, hunting preserves, zoos, or commercial animal operations.
- Required signage must be posted in a clearly visible location.
- Property owners must ensure participants have the ability to safely engage with the animal.
Please remember to contact BentOak Capital (“BentOak”), in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, to modify any reasonable restrictions to our investment advisory services, or if you wish to direct that BentOak to effect any specific transactions for your account. A copy of our current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request or at www.bentoakcapital.com. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Securities offered through LPL Financial, Member: FINRA/SIPC. Investment advice offered through BentOak Capital, a registered investment advisor and separate entity from LPL Financial.
Please remember to contact BentOak Capital (“BentOak”), in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, to modify any reasonable restrictions to our investment advisory services, or if you wish to direct that BentOak to effect any specific transactions for your account. A copy of our current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request or at www.bentoakcapital.com. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Securities offered through LPL Financial, Member: FINRA/SIPC. Investment advice offered through BentOak Capital, a registered investment advisor and separate entity from LPL Financial.