Property Subject to Execution in Texas
Corporations in Texas do not have what is considered non-exempt property. However, individual debtors can.
The judgment debtor’s property is subject to levy by execution if it is not exempted by constitution, statute, or other rule of law. See Tex. Const. art. XVI, §§ 49-51; Tex. Prop. Code Ann. §§ 41.001-42.004 (Vernon 1984); Tex. R. Civ. P. 637. In most instances, the following kinds of property will not be exempt:
1.Cash on hand or in checking or savings accounts;
2.Pleasure boats and their motors and trailers;
3 Collections (stamps, coins, etc.);
4. Stocks, bonds, notes, and other investments;
5. Real property not claimed as the homestead (summer home, rent property, etc.); and
Williams, McClure & Parmelee is dedicated to high quality legal representation of businesses and insurance companies in a variety of matters. We are experienced Texas civil litigation attorneys based in Fort Worth who know Texas courts and Texas law. For more information, please contact the law firm at 817-335-8800. The firm’s new office location is 5601 Bridge Street, Suite 300, Fort Worth, Texas 76112.