Tex. Est. Code § 355.203

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 355.203 - Purchase of Claim By Personal Representative Prohibited
(a) It is unlawful, and cause for removal, for a personal representative, whether acting under appointment by will or court orders, to purchase a claim against the estate the representative represents for the representative's own use or any other purpose.
(b) On written complaint by a person interested in the estate and on satisfactory proof of a violation of Subsection (a), the court after citation and hearing:
(1) shall enter an order canceling the claim described by Subsection (a); and
(2) may remove the personal representative who is found to have violated Subsection (a).
(c) No part of a claim canceled under Subsection (b) may be paid out of the estate.

Tex. Estates § 355.203

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