Texas Estates Code § 362.001 Settling And Closing Administration Of Estate

Sec. 362.001. SETTLING AND CLOSING ADMINISTRATION OF ESTATE. The administration of an estate shall be settled and closed when:

(1) all the debts known to exist against the estate have been paid, or have been paid to the extent permitted by the assets in the personal representative's possession; and

(2) no further need for administration exists.

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.

Section: 362.001  362.002  362.003  362.004  362.005  362.006  362.007  362.008  362.009  362.010  362.011  362.012  362.013  362.051  Next

Last modified: September 28, 2016