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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If the court is satisfied that the proposed sale of real property reported under Section 356.551 is for a fair price, properly made, and in conformity with law, and the court has approved any increased or additional bond that the court found necessary to protect the estate, the court shall enter an order:
(1) approving the sale;
(2) showing conformity with this chapter;
(3) detailing the terms of the sale; and
(4) authorizing the personal representative to convey the property on the purchaser's compliance with the terms of the sale.
(b) If the court is not satisfied that the proposed sale of real property is for a fair price, properly made, and in conformity with law, the court shall enter an order setting aside the bid or contract and ordering a new sale to be made, if necessary.
(c) The court's action in approving or disapproving a report under Section 356.551 has the effect of a final judgment. Any person interested in the estate or in the sale is entitled to have an order entered under this section reviewed as in other final judgments in probate proceedings.
Cite this article: FindLaw.com - Texas Estates Code - EST § 356.556. Approval or Disapproval Order - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-356-556/
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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