Tex. Est. Code § 355.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 355.154 - Preferred Debt and Lien

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.

Tex. Estates § 355.154

Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. 1/1/2014.