Exception: Executory Contract

Sec. 1158.652. EXCEPTION: EXECUTORY CONTRACT. The guardian of the estate of a ward may purchase estate property in compliance with the terms of a written executory contract signed by the ward before the ward became incapacitated, including: (1) a contract for deed; (2) an earnest money contract; (3) a buy/sell agreement; and (4) a stock purchase or redemption agreement. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.