Sec. 403.0585. LIABILITY OF INDEPENDENT EXECUTOR FOR PAYMENT OF A CLAIM. An independent executor, in the administration of an estate, may pay at any time and without personal liability a claim for money against the estate to the extent approved and classified by the independent executor if:
(1) the claim is not barred by limitations; and
(2) at the time of payment, the independent executor reasonably believes the estate will have sufficient assets to pay all claims against the estate.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.53, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle I - Independent Administration
Chapter 403 - Exemptions and Allowances; Claims
Section 403.051. Duty of Independent Executor
Section 403.052. Secured Claims for Money
Section 403.053. Matured Secured Claims
Section 403.054. Preferred Debt and Lien Claims
Section 403.055. Certain Unsecured Claims; Barring of Claims
Section 403.056. Notices Required by Creditors
Section 403.057. Statute of Limitations
Section 403.058. Other Claim Procedures Generally Do Not Apply
Section 403.0585. Liability of Independent Executor for Payment of a Claim