Tex. Est. Code § 403.0585

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

Section 403.0585 - Liability of Independent Executor for Payment of A Claim

An independent executor, in the administration of an estate, may pay at any time and without personal liability a claim for money against the estate to the extent approved and classified by the independent executor if:

(1) the claim is not barred by limitations; and

(2) at the time of payment, the independent executor reasonably believes the estate will have sufficient assets to pay all claims against the estate.

Tex. Estates § 403.0585

Added by Acts 2011, 82nd Leg., R.S., Ch. 1338, Sec. 2.53, eff. 1/1/2014.