DecisionDepot
California legal research

Texas Civil Practice and Remedies Code

§ 34.047 — DISTRIBUTION OF SALE PROCEEDS

CP § 34.047Title 2. TRIAL, JUDGMENT, AND APPEAL · Part C. JUDGMENTS · Ch. 34. EXECUTION ON JUDGMENTS · Art. C. SALE

Statute text

View on source
(a)An officer shall deliver money collected on execution to the entitled party at the earliest opportunity.
(b)The officer is entitled to retain from the proceeds of a sale of personal property an amount equal to the reasonable expenses incurred by him in making the levy and keeping the property.
(c)If more money is received from the sale of property than is sufficient to satisfy the executions held by the officer, the officer shall immediately pay the surplus to the defendant or the defendant's agent or attorney.

Legislative history

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.

Source: Texas Civil Practice and Remedies Code § 34.047 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.