Texas § IN.4001.302 - PROFITS AFTER DEATH OF AGENT WHO IS SOLE PROPRIETOR
Full text of Texas The Texas Constitution § IN.4001.302 — PROFITS AFTER DEATH OF AGENT WHO IS SOLE PROPRIETOR, with citation guidance and answers to common questions.
§ IN.4001.302. PROFITS AFTER DEATH OF AGENT WHO IS SOLE PROPRIETOR
PROFITS AFTER DEATH OF AGENT WHO IS SOLE PROPRIETOR. (a) On the death of an agent who is a sole proprietor, unless otherwise provided by the probated will of the deceased agent, the surviving spouse and children, if any, of the deceased agent, or a trust for the surviving spouse or children, may share in the profits of the agency business of the deceased agent during the lifetime of the surviving spouse and children if the agency business is continued by an agent. (b) The surviving spouse and children or trust is not required to qualify as an agent to share in the profits of the agency but may not perform an act of an agent in connection with the agency business without first being licensed as an agent. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.4001.302
What does The Texas Constitution § IN.4001.302 cover?
Section IN.4001.302 ("PROFITS AFTER DEATH OF AGENT WHO IS SOLE PROPRIETOR") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.4001.302?
A common citation format is "The Texas Constitution § IN.4001.302" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.4001.302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.