Sec. 1157.106. PAYMENT WHEN ASSETS INSUFFICIENT TO PAY CERTAIN CLAIMS. (a) If there are insufficient assets to pay all claims of the same class, the claims in that class shall be paid pro rata, as directed by the court, and in the order directed.
(b) A guardian of the estate may not be allowed to pay any claims other than with the pro rata amount of the estate funds that have come into the guardian's possession, regardless of whether the estate is solvent or insolvent.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle E - Administration of Guardianship
Chapter 1157 - Presentment and Payment of Claims
Subchapter C. Payment of Claims, Allowances, and Expenses
Section 1157.101. Payment of Approved or Established Claim
Section 1157.102. Payment of Unauthenticated Claim
Section 1157.103. Priority of Payment of Claims
Section 1157.104. Payment of Proceeds From Sale of Property Securing Debt
Section 1157.105. Claimant's Petition for Allowance and Payment of Claim
Section 1157.106. Payment When Assets Insufficient to Pay Certain Claims