Sec. 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Section: Previous 355.112 355.113 355.151 355.152 355.153 355.154 355.155 355.1551 355.156 355.157 355.158 355.159 355.160 355.201 355.202Last modified: September 28, 2016