Texas Statutes
§ 356.353 — EXCHANGE FOR BONDS.
Texas § 356.353
JurisdictionTexas
Code ESEstates Code
This text of Texas § 356.353 (EXCHANGE FOR BONDS.) 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. § 356.353 (2026).
Text
Sec. 356.353. EXCHANGE FOR BONDS.
(a)If a court orders the reconveyance of foreclosed real estate as provided by Section 356.352 , vendor's lien notes shall be reserved for the total amount of the indebtedness due or for the total amount of bonds that the corporation or agency to which the application to redeem the real estate was submitted as described by Section 356.352 (1) is allowed to advance under the corporation's or agency's rules or regulations.
(b)On obtaining the order for reconveyance, it shall be proper for the personal representative of the estate to indorse and assign the reserved vendor's lien notes over to any one of the corporations or agencies described by Section 356.352 (1) in exchange for bonds of that corporation or agency.
SUBCHAPTER I. SALE OF REAL ESTATE: PUBLIC
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502 ), Sec. 1, eff. January 1, 2014.
Nearby Sections
15
§ 356.001
COURT ORDER AUTHORIZING SALE.§ 356.002
SALE AUTHORIZED BY WILL.§ 356.101
ORDER FOR SALE.§ 356.103
SALE AT PUBLIC AUCTION.§ 356.104
SALE ON CREDIT.§ 356.105
REPORT; EVIDENCE OF TITLE.§ 356.151
AUTHORITY FOR SALE.§ 356.152
CONTENTS OF APPLICATION; HEARING.§ 356.153
GRANT OF APPLICATION.§ 356.154
REPORT; PASSAGE OF TITLE.§ 356.155
COMMISSION MERCHANT FEES.§ 356.202
CITATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 356.353, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ES/356.353.