Tex. Est. Code Section 551.003
Payment of Portion that Is Not in Money

(a)

The court’s order under Section 551.001 (Payment of Certain Shares of Estate to State) 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)

Recovery of the proceeds of a sale under this section is governed by Subchapter B.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 267 (S.B. 1420), Sec. 1, eff. September 1, 2019.

Source: Section 551.003 — Payment of Portion that Is Not in Money, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­551.­htm#551.­003 (accessed Apr. 29, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 551.003’s source at texas​.gov