Texas Civil Practice and Remedies Code 34.047 – Distribution of Sale Proceeds
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(a) An officer shall deliver money collected on execution to the entitled party at the earliest opportunity.
(b) The officer is entitled to retain from the proceeds of a sale of personal property an amount equal to the reasonable expenses incurred by him in making the levy and keeping the property.
Terms Used In Texas Civil Practice and Remedies Code 34.047
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
(c) If more money is received from the sale of property than is sufficient to satisfy the executions held by the officer, the officer shall immediately pay the surplus to the defendant or the defendant’s agent or attorney.