Sec. 1351.004. PAYMENT OF SALE PROCEEDS INTO COURT REGISTRY. If the court enters an order of sale of property as provided by this subchapter, the purchaser of the property shall pay the proceeds of the sale belonging to the minor into the court registry.
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 I - Other Special Proceedings and Substitutes for Guardianship
Chapter 1351 - Sale of Property of Certain Incapacitated Persons
Subchapter A. Sale of Minor's Interest in Property Without Guardianship
Section 1351.001. Authority to Sell Minor's Interest in Property Without Guardianship
Section 1351.002. Application; Venue
Section 1351.003. Hearing; Requirements for Sale
Section 1351.004. Payment of Sale Proceeds Into Court Registry
Section 1351.005. Withdrawal of Sale Proceeds From Registry Not Prohibited