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Texas Estates Code

§ 1354.006 — RECEIVER'S EXPENSES, ACCOUNT, AND COMPENSATION

ES § 1354.006Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part I. OTHER SPECIAL PROCEEDINGS AND SUBSTITUTES FOR GUARDIANSHIP · Ch. 1354. RECEIVERSHIP FOR ESTATES OF

Statute text

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(a)All necessary expenses incurred by a receiver in administering the estate may be reported monthly to the judge in the form of a sworn statement of account that includes a report of:
(1)the receiver's acts;
(2)the condition of the estate;
(3)the status of the threatened danger to the estate; and
(4)the progress made toward abatement of the danger.
(b)If the judge is satisfied that the statement is correct and reasonable in all respects, the judge shall promptly enter an order approving the expenses and authorizing reimbursement of the receiver from the estate funds in the receiver's possession.

Legislative history

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