Texas Estates Code

§ 362.001 — SETTLING AND CLOSING ADMINISTRATION OF ESTATE

ES § 362.001Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 362. CLOSING ADMINISTRATION OF ESTATE · Art. A. SETTLING AND CLOSING ESTATE

Statute text

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The administration of an estate shall be settled and closed when:

(1)all the debts known to exist against the estate have been paid, or have been paid to the extent permitted by the assets in the personal representative's possession; and

(2)no further need for administration exists.

Legislative history

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