Texas Estates Code § 1161.001 Guardian's Duty To Keep Estate Invested

Sec. 1161.001. GUARDIAN'S DUTY TO KEEP ESTATE INVESTED. (a) The guardian of the estate shall invest any funds and assets of a ward's estate available for investment except:

(1) if the court orders otherwise under this chapter; or

(2) as provided by Subsection (b).

(b) The guardian of the estate is not required to invest funds that are immediately necessary for the education, support, and maintenance of the ward or any others the ward supports as provided by this title.

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Section: 1161.001  1161.002  1161.003  1161.004  1161.005  1161.006  1161.007  1161.008  1161.051  1161.052  1161.053  1161.054  1161.101  1161.102  1161.103  Next

Last modified: September 28, 2016