Texas Estates Code

§ 356.653 — EXCEPTION: EXECUTORY CONTRACT

ES § 356.653Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 356. SALE OF ESTATE PROPERTY · Art. N. PURCHASE OF PROPERTY BY PERSONAL REPRESENTATIVE

Statute text

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A personal representative of a decedent's estate may purchase estate property in compliance with the terms of a written executory contract signed by the decedent, including:

(1)a contract for deed;

(2)an earnest money contract;

(3)a buy/sell agreement; and

(4)a stock purchase or redemption agreement.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.