Sec. 360.202. SALE OF ESTATE PROPERTY. (a) When the court has found that all or part of an estate is not capable of fair and equal division, the court shall order the sale of all estate property not capable of fair and equal division.
(b) The sale must be made by the executor or administrator in the manner provided for the sale of real estate to satisfy estate debts.
(c) The court shall distribute the proceeds collected from the sale to the persons entitled to the proceeds.
(d) A distributee who buys property at the sale is required to pay or secure only the amount by which the distributee's bid exceeds the amount of the distributee's share of the property.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle H - Continuation of Administration
Chapter 360 - Partition and Distribution of Estate
Subchapter E. Partition and Distribution if Estate Property Is Incapable of Division
Section 360.201. Court Finding
Section 360.202. Sale of Estate Property
Section 360.203. Applicability of Provisions Relating to Sale of Real Estate