Sec. 357.051. REPORTS CONCERNING RENTALS. (a) A personal representative of an estate who rents estate property with an appraised value of $3,000 or more shall, not later than the 30th day after the date the property is rented, file with the court a sworn and written report stating:
(1) the property rented and the property's appraised value;
(2) the date the property was rented and whether the rental occurred at public auction or privately;
(3) the name of each person renting the property;
(4) the rental amount; and
(5) whether the rental was for cash or on credit and, if on credit, the length of time, the terms, and the security received for the credit.
(b) A personal representative of an estate who rents estate property with an appraised value of less than $3,000 may report the rental in the next annual or final account that must be filed as required by law.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Section: Previous 357.001 357.002 357.003 357.004 357.005 357.051Last modified: September 28, 2016