Exercise of Ownership For First Year Following Death of Individual

Sec. 26.008. EXERCISE OF OWNERSHIP FOR FIRST YEAR FOLLOWING DEATH OF INDIVIDUAL. (a) Except as provided by Subsection (b), for the first year following the death of the individual a property right may be exercised, if authorized by law or an appointing court, by the following persons who may be appointed by a court for the benefit of the estate of the deceased individual: (1) an independent executor; (2) an executor; (3) an independent administrator; (4) a temporary or permanent administrator; or (5) a temporary or permanent guardian. (b) For the first year following the death of the individual, an owner of a property right may exercise that right only if the owner registers a valid claim as provided by Section 26.006. Added by Acts 1987, 70th Leg., ch. 152, Sec. 1, eff. Sept. 1, 1987.