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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Subject to Subsection (b), the personal representative of an estate, including an independent administrator, may purchase estate property on the court's determination that the sale is in the estate's best interest.
(b) Before purchasing estate property as authorized by Subsection (a), the personal representative shall give notice of the purchase by a qualified delivery method, unless the court requires another form of notice, to:
(1) each distributee of the estate; and
(2) each creditor whose claim remains unsettled after being presented within six months of the date letters testamentary or of administration are originally granted.
(c) The court may require additional notice or allow for the waiver of the notice required for a sale made under this section.
Cite this article: FindLaw.com - Texas Estates Code - EST § 356.654. Exception: Best Interest of Estate - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-356-654/
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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