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Texas Estates Code - EST § 1354.007. Closing Receivership;  Notice

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) When the threatened danger has abated and the estate is no longer liable to injury, loss, or waste because there is no guardian or other representative of the estate, the receiver shall:

(1) report to the judge;  and

(2) file with the clerk a full and final sworn account of:

(A) all property of the estate received by the receiver;

(B) all property of the estate in the receiver's possession while the receivership was pending;

(C) all sums paid out;

(D) all acts performed by the receiver with respect to the estate;  and

(E) all property of the estate remaining in the receiver's possession on the date of the report.

(b) On the filing of the report, the clerk shall:

(1) issue and cause to be posted a notice to all persons interested in the welfare of the incapacitated person;  and

(2) give personal notice to the person who has custody of the incapacitated person to appear before the judge at a time and place specified in the notice and contest the report and account if the person desires.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1354.007. Closing Receivership;  Notice - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1354-007/

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