Tex. Estates Code § 355.203
This is the official text of Tex. Estates Code § 355.203, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 355.203. PURCHASE OF CLAIM BY PERSONAL REPRESENTATIVE PROHIBITED.
Official statutory text
(a) It is unlawful, and cause for removal, for a personal representative, whether acting under appointment by will or court orders, to purchase a claim against the estate the representative represents for the representative's own use or any other purpose.
(b) On written complaint by a person interested in the estate and on satisfactory proof of a violation of Subsection (a), the court after citation and hearing:
(1) shall enter an order canceling the claim described by Subsection (a); and
(2) may remove the personal representative who is found to have violated Subsection (a).
(c) No part of a claim canceled under Subsection (b) may be paid out of the estate.
(b) On written complaint by a person interested in the estate and on satisfactory proof of a violation of Subsection (a), the court after citation and hearing:
(1) shall enter an order canceling the claim described by Subsection (a); and
(2) may remove the personal representative who is found to have violated Subsection (a).
(c) No part of a claim canceled under Subsection (b) may be paid out of the estate.
Status: in_force · Read it on the official government site
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