Sec. 34.021. DISTRIBUTION OF EXCESS PROCEEDS IN OTHER TAX FORECLOSURE PROCEEDINGS. A person conducting a sale for the foreclosure of a tax lien under Rule 736 of the Texas Rules of Civil Procedure shall, within 10 days of the sale, pay any excess proceeds after payment of all amounts due all participants in the sale to the clerk of the court that issued the order authorizing the sale. The excess proceeds from such a sale shall be handled according to Sections 34.03 and 34.04 of this code.
Added by Acts 2009, 81st Leg., R.S., Ch. 254 (H.B. 406), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Subtitle E - Collections and Delinquency
Chapter 34 - Tax Sales and Redemption
Section 34.01. Sale of Property
Section 34.011. Bidder Registration
Section 34.015. Persons Eligible to Purchase Real Property
Section 34.02. Distribution of Proceeds
Section 34.021. Distribution of Excess Proceeds in Other Tax Foreclosure Proceedings
Section 34.03. Disposition of Excess Proceeds
Section 34.04. Claims for Excess Proceeds
Section 34.05. Resale by Taxing Unit
Section 34.051. Resale by Taxing Unit for the Purpose of Urban Redevelopment
Section 34.06. Distribution of Proceeds of Resale