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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If there are insufficient assets to pay all claims of the same class, other than secured claims for money, the claims in that class shall be paid pro rata, as directed by the court, and in the order directed.
(b) A personal representative may not be allowed to pay a claim under Subsection (a) other than with the pro rata amount of the estate funds that have come into the representative's possession, regardless of whether the estate is solvent or insolvent.
Cite this article: FindLaw.com - Texas Estates Code - EST § 355.108. Payment When Assets Insufficient to Pay Claims of Same Class - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-355-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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