Tex. Est. Code Section 351.251
Mortgage or Pledge of Estate Property Authorized in Certain Circumstances

Under order of the court, a personal representative of an estate may mortgage or pledge by deed of trust or otherwise as security for an indebtedness any property of the estate as necessary for:

(1)

the payment of any ad valorem, income, gift, estate, inheritance, or transfer taxes on the transfer of an estate or due from a decedent or the estate, regardless of whether those taxes are assessed by a state, a political subdivision of a state, the federal government, or a foreign country;

(2)

the payment of expenses of administration, including amounts necessary for operation of a business, farm, or ranch owned by the estate;

(3)

the payment of claims allowed and approved, or established by suit, against the estate; or

(4)

the renewal and extension of an existing lien.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.

Source: Section 351.251 — Mortgage or Pledge of Estate Property Authorized in Certain Circumstances, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­351.­htm#351.­251 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 351.251’s source at texas​.gov