(a) The court‘s order under § 551.001 must require the executor or administrator to:
(1) sell, on terms determined best by the court, the portion of a share subject to that section that is in property other than money; and
(2) on collection of the proceeds of the sale, pay the proceeds to the comptroller.
(b) Recovery of the proceeds of a sale under this section is governed by Subchapter B.

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Terms Used In Texas Estates Code 551.003

  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Court: means and includes:
    (1) a county court in the exercise of its probate jurisdiction;
    (2) a court created by statute and authorized to exercise original probate jurisdiction; and
    (3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007
  • Executor: A male person named in a will to carry out the decedent
  • Property: means real and personal property. See Texas Government Code 311.005
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