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Current as of January 01, 2024 | Updated by Findlaw Staff
When a claim for a debt is allowed and approved under Section 355.151(a)(2):
(1) a further claim for the debt may not be made against other estate assets;
(2) the debt thereafter remains a preferred lien against the property securing the debt; and
(3) the property remains security for the debt in any distribution or sale of the property before final maturity and payment of the debt.
Cite this article: FindLaw.com - Texas Estates Code - EST § 355.154. Preferred Debt and Lien - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-355-154/
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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