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Current as of January 01, 2024 | Updated by Findlaw Staff
During an independent administration, a secured creditor whose claim is a preferred debt and lien against property securing the indebtedness under Section 403.052 is free to exercise any judicial or extrajudicial collection rights, including the right to foreclosure and execution; provided, however, that the creditor does not have the right to conduct a nonjudicial foreclosure sale within six months after letters are granted.
Cite this article: FindLaw.com - Texas Estates Code - EST § 403.054. Preferred Debt and Lien Claims - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-403-054/
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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