Payment of Portion That Is Not In Money

Sec. 551.003. PAYMENT OF PORTION THAT IS NOT IN MONEY. (a) The court's order under Section 551.001 must require the executor or administrator to: (1) sell, on terms determined best by the court, the portion of a share subject to that section that is in property other than money; and (2) on collection of the proceeds of the sale, pay the proceeds to the comptroller. (b) Recovery of the proceeds of a sale under this section is governed by Subchapter B. Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014. Amended by: Acts 2019, 86th Leg., R.S., Ch. 267 (S.B. 1420), Sec. 1, eff. September 1, 2019.