Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
Subtitle I. INDEPENDENT ADMINISTRATION |
Chapter 405. CLOSING AND DISTRIBUTIONS |
Sec. 405.002. RECEIPTS AND RELEASES FOR DISTRIBUTIONS BY INDEPENDENT EXECUTOR
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(a) An independent executor may not be required to deliver tangible or intangible personal property to a distributee unless the independent executor receives, at or before the time of delivery of the property, a signed receipt or other proof of delivery of the property to the distributee.
(b) An independent executor may not require a waiver or release from the distributee as a condition of delivery of property to a distributee.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1338 , Sec. 2.53, eff. January 1, 2014.