Tex. Est. Code Section 403.054
Preferred Debt and Lien Claims

During an independent administration, a secured creditor whose claim is a preferred debt and lien against property securing the indebtedness under Section 403.052 (Secured Claims for Money) is free to exercise any judicial or extrajudicial collection rights, including the right to foreclosure and execution; provided, however, that the creditor does not have the right to conduct a nonjudicial foreclosure sale within six months after letters are granted.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.53, eff. January 1, 2014.

Source: Section 403.054 — Preferred Debt and Lien Claims, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­403.­htm#403.­054 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 403.054’s source at texas​.gov