Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
Subtitle L. PAYMENT OF ESTATES INTO TREASURY |
Chapter 551. PAYMENT OF CERTAIN ESTATES TO STATE |
Subchapter A. PAYMENT OF CERTAIN FUNDS TO STATE |
Sec. 551.003. PAYMENT OF PORTION THAT IS NOT IN MONEY
Latest version.
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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) 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.