Texas Estates Code

§ 1157.106 — PAYMENT WHEN ASSETS INSUFFICIENT TO PAY CERTAIN CLAIMS

ES § 1157.106Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1157. PRESENTMENT AND PAYMENT OF CLAIMS · Art. C. PAYMENT OF CLAIMS, ALLOWANCES, AND EXPENSES

Statute text

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(a)If there are insufficient assets to pay all claims of the same class, the claims in that class shall be paid pro rata, as directed by the court, and in the order directed.

(b)A guardian of the estate may not be allowed to pay any claims other than with the pro rata amount of the estate funds that have come into the guardian's possession, regardless of whether the estate is solvent or insolvent.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.