Tex. Est. Code § 1151.155 · Subchapter D. POSSESSION AND CARE OF WARD'S PROPERTY BY GUARDIAN OF THE ESTATE
OPERATION OR RENTAL OF FARM, RANCH, FACTORY, OR OTHER BUSINESS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the ward owns a farm, ranch, factory, or other business that is not required to be immediately sold for the payment of a debt or other lawful purpose, the guardian of the estate on order of the court shall, as it appears to be in the estate's best interests:
(1) continue to operate, or cause the continued operation of, the farm, ranch, factory, or other business; or
(2) rent the farm, ranch, factory, or other business.
(b) In deciding whether to issue an order under Subsection (a), the court:
(1) shall consider:
(A) the condition of the estate; and
(B) the necessity that may exist for the future sale of the property or business for the payment of a debt, claim, or other lawful expenditure; and
(2) may not extend the time of renting any of the property beyond what appears consistent with the maintenance and education of a ward or the settlement of the ward's estate.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1151.htm
- Text hash
- sha256 058f2d5c1f0fc4753deac0bc0d57bdd8fbfadb0c9dbb9c8ebdaf13787782759f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.