Texas Estates Code 356.551 – Report
Terms Used In Texas Estates Code 356.551
- Contract: A legal written agreement that becomes binding when signed.
- 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 - Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Probate: Proving a will
- Property: means real and personal property. See Texas Government Code 311.005
- sworn: includes affirm or affirmed. See Texas Government Code 312.011
A successful bid or contract for the sale of estate real property shall be reported to the court ordering the sale not later than the 30th day after the date the bid is made or the property is placed under contract. The report must:
(1) be sworn to, in writing, and filed with the clerk;
(2) include:
(A) the date of the order of sale;
(B) a description of the property being sold;
(C) the time and place of the auction or date the property is placed under contract;
(D) the purchaser’s name;
(E) the amount of the successful bid or the purchase price for each parcel of property or interest in property auctioned or placed under contract;
(F) the terms of the sale;
(G) whether the proposed sale of the property was made at public auction or by contract; and
(H) whether the purchaser is ready to comply with the order of sale; and
(3) be noted on the probate docket.