Texas § 351.204 FIDUCIARY DUTIES OF PERSONAL REPRESENTATIVE REGARDING BUSINESS.

Texas Statutes

§ 351.204 — FIDUCIARY DUTIES OF PERSONAL REPRESENTATIVE REGARDING BUSINESS.

Texas § 351.204

Code ESEstates Code

This text of Texas § 351.204 (FIDUCIARY DUTIES OF PERSONAL REPRESENTATIVE REGARDING BUSINESS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Estates Code Code Ann. § 351.204 (2026).

Text

Sec. 351.204. FIDUCIARY DUTIES OF PERSONAL REPRESENTATIVE REGARDING BUSINESS.

(a)A personal representative who operates a business under an order entered under Section 351.202 (a) has the same fiduciary duties as a representative who does not operate a business that is part of an estate.

(b)In operating a business under an order entered under Section 351.202 (a), a personal representative shall consider:

(1)the condition of the estate and the business;

(2)the necessity that may exist for the future sale of the business or of business property to provide for payment of debts or claims against the estate or other lawful expenditures with respect to the estate;

(3)the effect of the order on the speedy settlement of the estate; and

(4)the best interests of the estate.

(c)A personal repr

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Sec. 351.204. FIDUCIARY DUTIES OF PERSONAL REPRESENTATIVE REGARDING BUSINESS. (a) A personal representative who operates a business under an order entered under Section 351.202 (a) has the same fiduciary duties as a representative who does not operate a business that is part of an estate.
(b) In operating a business under an order entered under Section 351.202 (a), a personal representative shall consider:
(1) the condition of the estate and the business;
(2) the necessity that may exist for the future sale of the business or of business property to provide for payment of debts or claims against the estate or other lawful expenditures with respect to the estate;
(3) the effect of the order on the speedy settlement of the estate; and
(4) the best interests of the estate.
(c) A personal representative who operates a business under an order entered under Section 351.202 (a) shall report to the court with respect to the operation and condition of the business as part of the accounts required by Chapters 359 and 362 , unless the court orders the reports regarding the business to be made more frequently or in a different manner or form.