Tex. Est. Code § 356.555

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 356.555 - Increased or Additional Bond Not Required

Notwithstanding Sections 356.554(c) and (d), if the real estate sold is encumbered by a lien to secure a claim against the estate and is sold to the owner or holder of the secured claim in full payment, liquidation, and satisfaction of the claim, an increased general bond or additional bond may not be required except for the amount of any cash paid to the personal representative of the estate in excess of the amount necessary to pay, liquidate, and satisfy the claim in full.

Tex. Estates § 356.555

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