Texas Estates Code

§ 1157.152 — PREFERRED DEBT AND LIEN

ES § 1157.152Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1157. PRESENTMENT AND PAYMENT OF CLAIMS · Art. D. PRESENTMENT AND PAYMENT OF SECURED CLAIMS

Statute text

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When a claim for a debt has been allowed and approved under Section 1157.151(a)(2):

(1)a further claim for the debt may not be made against other estate assets;

(2)the claim remains a preferred lien against the property securing the claim; and

(3)the property remains security for the debt in any distribution or sale of the property before final maturity and payment of the debt.

Legislative history

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