Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 357.051 - Reports Concerning Rentals(a) A personal representative of an estate who rents estate property with an appraised value of $3,000 or more shall, not later than the 30th day after the date the property is rented, file with the court a sworn and written report stating: (1) the property rented and the property's appraised value;(2) the date the property was rented and whether the rental occurred at public auction or privately;(3) the name of each person renting the property;(4) the rental amount; and(5) whether the rental was for cash or on credit and, if on credit, the length of time, the terms, and the security received for the credit.(b) A personal representative of an estate who rents estate property with an appraised value of less than $3,000 may report the rental in the next annual or final account that must be filed as required by law.Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. 1/1/2014.