Estates Code § 356.654

Sec. 356.654. EXCEPTION: BEST INTEREST OF ESTATE. (a) Subject to Subsection (b), the personal representative of an estate, including an independent administrator, may purchase estate property on the court's determination that the sale is in the estate's best interest. (b) Before purchasing estate property as authorized by Subsection (a), the personal representative shall give notice of the purchase by a qualified delivery method, unless the court requires another form of notice, to: (1) each distributee of the estate; and (2) each creditor whose claim remains unsettled after being presented within six months of the date letters testamentary or of administration are originally granted. (c) The court may require additional notice or allow for the waiver of the notice required for a sale made under this section. Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014. Amended by: Acts 2023, 88th Leg., R.S., Ch. 205 (S.B. 1373), Sec. 33, eff. September 1, 2023.