Sec. 1158.556. APPROVAL OR DISAPPROVAL ORDER. (a) If the court is satisfied that the proposed sale of real property reported under Section 1158.551 is for a fair price, properly made, and in conformity with law, and the court has approved any increased or additional bond that the court found necessary to protect the estate, the court shall enter an order:
(1) approving the sale;
(2) showing conformity with this chapter;
(3) detailing the terms of the sale; and
(4) authorizing the guardian of the estate to convey the property on the purchaser's compliance with the terms of the sale.
(b) If the court is not satisfied that the proposed sale of real property is for a fair price, properly made, and in conformity with law, the court shall enter an order setting aside the bid or contract and ordering a new sale to be made, if necessary.
(c) The court's action in approving or disapproving a report under Section 1158.551 has the effect of a final judgment. Any person interested in the guardianship estate or in the sale is entitled to have an order entered under this section reviewed as in other final judgments in probate proceedings.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 521 (S.B. 626), Sec. 50, eff. September 1, 2021.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle E - Administration of Guardianship
Chapter 1158 - Sale or Partition of Ward's Property
Subchapter L. Approval of Sale of Real Property and Transfer of Title
Section 1158.552. Action of Court on Report
Section 1158.553. Approval of Sale When Bond Not Required
Section 1158.554. Sufficiency of Bond
Section 1158.555. Increased or Additional Bond Not Required
Section 1158.556. Approval or Disapproval Order