Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 834,Sec. 4, eff. 9/1/2017.Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.01, eff. 1/1/2014.