Texas Statutes (Last Updated: January 4, 2014) |
FAMILY CODE |
Title 1. THE MARRIAGE RELATIONSHIP |
Subtitle B. PROPERTY RIGHTS AND LIABILITIES |
Chapter 3. MARITAL PROPERTY RIGHTS AND LIABILITIES |
Subchapter D. MANAGEMENT, CONTROL, AND DISPOSITION OF MARITAL PROPERTY UNDER UNUSUAL CIRCUMSTANCES |
Sec. 3.306. COURT ORDER FOR MANAGEMENT, CONTROL, AND DISPOSITION OF COMMUNITY PROPERTY
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(a) After hearing the evidence in a suit under this subchapter, the court, on terms the court considers just and equitable, shall render an order describing or defining the community property at issue that will be subject to the management, control, and disposition of each spouse during marriage.
(b) The court may:
(1) impose any condition and restriction the court deems necessary to protect the rights of the respondent;
(2) require a bond conditioned on the faithful administration of the property; and
(3) require payment to the registry of the court of all or a portion of the proceeds of the sale of the property, to be disbursed in accordance with the court's further directions.
Added by Acts 1997, 75th Leg., ch. 7, Sec. 1, eff. April 17, 1997.