Texas § 751.057 EFFECT OF BANKRUPTCY PROCEEDING.

Texas Statutes

§ 751.057 — EFFECT OF BANKRUPTCY PROCEEDING.

Texas § 751.057

Code ESEstates Code

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Bluebook

Tex. Estates Code Code Ann. § 751.057 (2026).

Text

Sec. 751.057. EFFECT OF BANKRUPTCY PROCEEDING.

(a)The filing of a voluntary or involuntary petition in bankruptcy in connection with the debts of a principal who has executed a durable power of attorney does not revoke or terminate the agency as to the principal's agent.

(b)Any act the agent may undertake with respect to the principal's property is subject to the limitations and requirements of the United States Bankruptcy Code (11 U.S.C. Section 101 et seq.) until a final determination is made in the bankruptcy proceeding. SUBCHAPTER C. DUTY TO INFORM AND ACCOUNT

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Sec. 751.057. EFFECT OF BANKRUPTCY PROCEEDING. (a) The filing of a voluntary or involuntary petition in bankruptcy in connection with the debts of a principal who has executed a durable power of attorney does not revoke or terminate the agency as to the principal's agent.
(b) Any act the agent may undertake with respect to the principal's property is subject to the limitations and requirements of the United States Bankruptcy Code (11 U.S.C. Section 101 et seq.) until a final determination is made in the bankruptcy proceeding.
SUBCHAPTER C. DUTY TO INFORM AND ACCOUNT

Legislative History

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.01, eff. January 1, 2014. Amended by: Acts 2017, 85th Leg., R.S., Ch. 834 (H.B. 1974 ), Sec. 4, eff. September 1, 2017.