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THEAYX-ORNEY GENERAL OFTEXAS AUSTINS~.TEXAR September 25, 1959 Hon. E. E. Coons Opinion No. WW-709 County Attorney Sherman County Re: Proper disposition of Stratford, Texas unclaimed real estate within six months after the settlement of the final account of an Dear Mr. Coons: administrator. We quote the following excerpt from your letter requesting that we advise you on the above captioned matter: "Administration on the Estate of R. F. Frei, Deceased, has been pending in the County Court of Sherman County. Texas, since April 9, 1956. Mr. Frei died intestate and we have been unable to locate any~heirs. His estate consisted of 800 acres of land in Sherman County on 640 of which minerals had been reserved on one-half, and cer- tain personal property. The debts have been paid and the Federal Estate Tax has been paid and the estate is nearly ready to close. W. T. Crabtree whose address is Texhoma, Texas, is administrator of the estate and is about ready to file his final account." You state that there are no known heirs and that in all probability there will.be no one to claim the land or money remaining on hand. You are not concerned about the disposition of any money which may remain or with the admin- istrator's authority to dispose of personal property, under proper court order, being of the opinion that Section 427 of the Probate Code is applicable. We are in accord with this conclusion. However, you request that we advise you as to whether under said section the administrator under proper court order would be authorized to sell the real property~and dispose of the proceeds in accordance with the applicable sections of Chapter X of the Probate Code. Section 427 of the Probate Code reads as follows: "If any person entitled to a portion of an estate, except a resident minor without a guard- ian, shall not demand his portion from the Hon. E. E. Coons, Page 2 (Opinion No. WW-709) executor or administrator within six months after an order of court approving the report of commissioners of partition, or within six months after the settlement of the final account of an executor or administrator, as the case may be, the court by written order shall require the ex- ecutor or administrator to pay so much of said uortion as is in monev to the State Treasurer: and such nortion as is in other property he shall order the executor or administrator to--- sell on such terms as the court thinks best, and, when the proceeds of such sale are collected, the court shall order the same to be paid to the State Treasurer, in all such cases allowing the executor or administrator reasonable compensation for his services." (Emphasis supplied.) We think that the portion of Section 427 pertaining to court orders requiring an administrator to sell on such terms as the court thinks best "other property" comprises all kinds of property, real as well as personal; and that when such sale has been duly~ordered in the instant case, the administrator will then properly proceed, pursuant to further court order, to oav the oroceeds of the sale to the State Treasurer who will-deposit such proceeds in his Settlement of Estates Fund. See -on v. Lockhart,
131 Tex. 175,
114 S.W. 2d216 (1938) and Att'y. Gen. Op. o-3033. SUMMARY Pursuant to proper court orders within six months after the settlement of his final account, an administrator should sell un- claimed real property and transmit the pro- ceeds of such sale to the State Treasurer. Sees. 427, 430, Probate Code, V.A.C.S. Very truly yours, WILL WILSON APPROVED: OPINION COMMITTEE: Geo. P. Blackburn, Chairman Wm. T. Blackburn Marvin R. Sentell Wm. D. Armstrong MMP: bet REVIEWED FOR THE ATTORNEY GENERAL: By: W. V. Geppert
Document Info
Docket Number: WW-709
Judges: Will Wilson
Filed Date: 7/2/1959
Precedential Status: Precedential
Modified Date: 2/18/2017