Exception: Executory Contract

Sec. 356.653. EXCEPTION: EXECUTORY CONTRACT. A personal representative of a decedent's estate may purchase estate property in compliance with the terms of a written executory contract signed by the decedent, 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 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.