Sec. 405.002. RECEIPTS AND RELEASES FOR DISTRIBUTIONS BY INDEPENDENT EXECUTOR. (a) An independent executor may not be required to deliver tangible or intangible personal property to a distributee unless the independent executor receives, at or before the time of delivery of the property, a signed receipt or other proof of delivery of the property to the distributee.
(b) An independent executor may not require a waiver or release from the distributee as a condition of delivery of property to a distributee.
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 405 - Closing and Distributions
Section 405.001. Accounting and Distribution
Section 405.0015. Distributions Generally
Section 405.002. Receipts and Releases for Distributions by Independent Executor
Section 405.003. Judicial Discharge of Independent Executor
Section 405.004. Closing Independent Administration by Closing Report or Notice of Closing Estate
Section 405.005. Closing Report
Section 405.006. Notice of Closing Estate
Section 405.007. Effect of Filing Closing Report or Notice of Closing Estate
Section 405.008. Partition and Distribution or Sale of Property Incapable of Division
Section 405.009. Closing Independent Administration on Application by Distributee
Section 405.010. Issuance of Letters