Sec. 551.003. PAYMENT OF PORTION THAT IS NOT IN MONEY    


Latest version.
  • (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) An action to recover the proceeds of a sale under this section is governed by Subchapter B.

Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.