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Texas Statutes (Last Updated: January 4, 2014) |
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ESTATES CODE |
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Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
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Subtitle H. CONTINUATION OF ADMINISTRATION |
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Chapter 356. SALE OF ESTATE PROPERTY |
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Subchapter F. SALE OF REAL PROPERTY: APPLICATION AND ORDER FOR SALE |
Sec. 356.256. ORDER
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(a) The court shall order the sale of the estate property described in an application for an order of sale if the court is satisfied that the sale is necessary or advisable. Otherwise, the court may deny the application and, if the court considers it best, may order the sale of other estate property the sale of which would be more advantageous to the estate.
(b) An order for the sale of real estate under this section must specify:
(1) the property to be sold, including a description that identifies that property;
(2) whether the property is to be sold at public auction or private sale and, if at public auction, the time and place of the sale;
(3) the necessity or advisability of, and the purpose of, the sale;
(4) except in a case in which a personal representative was not required to give a general bond, that the court, after examining the general bond given by the representative, finds that:
(A) the bond is sufficient as required by law; or
(B) the bond is insufficient;
(5) if the court finds that the general bond is insufficient under Subdivision (4)(B), the amount of the necessary or increased bond, as applicable;
(6) that the sale is to be made and the report returned in accordance with law; and
(7) the terms of the sale.