Tex. Estates Code § 403.054: PREFERRED DEBT AND LIEN CLAIMS.
Where this section sits in the code
- ESTATES CODE
- TITLE 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY
- SUBTITLE I. INDEPENDENT ADMINISTRATION
- CHAPTER 403. EXEMPTIONS AND ALLOWANCES; CLAIMS
- SUBCHAPTER B. CLAIMS
During an independent administration, a secured creditor whose claim is a preferred debt and lien against property securing the indebtedness under Section 403.052 is free to exercise any judicial or extrajudicial collection rights, including the right to foreclosure and execution; provided, however, that the creditor does not have the right to conduct a nonjudicial foreclosure sale within six months after letters are granted.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.53, eff. January 1, 2014.
Collected 2026-08-27T01:47:08Z. Source file · JSON