Sec. 431. PENALTY FOR FAILURE TO MAKE PAYMENTS TO COMPTROLLER

When an executor or administrator fails to pay to the comptroller any funds of an estate which he has been ordered by the court so to pay, within 30 days after such order has been made, such executor or administrator shall, after personal service of citation charging such failure and after proof thereof, be liable to pay out of his own estate to the comptroller damages thereon at the rate of five per cent per month for each month, or fraction thereof, that he fails to make such payment after 30 days from such order, which damages may be recovered in any court of competent jurisdiction.

Acts 1955, 54th Leg., p. 88, ch. 55, eff. Jan. 1, 1956. Amended by Acts 1991, 72nd Leg., ch. 153, Sec. 28, eff. Sept. 1, 1991; Acts 1997, 75th Leg., ch. 1423, Sec. 15.05, eff. Sept. 1, 1997.