Texas Estates Code

§ 551.003 — PAYMENT OF PORTION THAT IS NOT IN MONEY

ES § 551.003Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part L. PAYMENT OF ESTATES INTO TREASURY · Ch. 551. PAYMENT OF CERTAIN ESTATES TO STATE · Art. A. PAYMENT OF CERTAIN FUNDS TO STATE

Statute text

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(a)The court's order under Section 551.001 must require the executor or administrator to:

(1)sell, on terms determined best by the court, the portion of a share subject to that section that is in property other than money; and

(2)on collection of the proceeds of the sale, pay the proceeds to the comptroller.

(b)Recovery of the proceeds of a sale under this section is governed by Subchapter B. Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 267 (S.B. 1420), Sec. 1, eff. September 1, 2019.