Tex. Est. Code § 1161.003 · Subchapter A. GENERAL PROVISIONS
INVESTMENTS THAT MEET STANDARD FOR INVESTMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A guardian of the estate is considered to have exercised the standard required by Section 1161.002(a) with respect to investing the ward's estate if the guardian invests in the following:
(1) bonds or other obligations of the United States;
(2) tax-supported bonds of this state;
(3) except as limited by Sections 1161.004(b) and (c), tax-supported bonds of a county, district, political subdivision, or municipality in this state;
(4) if the payment of the shares or share accounts is insured by the Federal Deposit Insurance Corporation, shares or share accounts of:
(A) a state savings and loan association or savings bank that has its main office or a branch office in this state; or
(B) a federal savings and loan association or savings bank that has its main office or a branch office in this state;
(5) collateral bonds that:
(A) are issued by a company incorporated under the laws of this state that has a paid-in capital of $1 million or more;
(B) are a direct obligation of the company; and
(C) are specifically secured by first mortgage real estate notes or other securities pledged with a trustee;
(6) interest-bearing time deposits that may be withdrawn on or before one year after demand in a bank that does business in this state, if the payment of the time deposits is insured by the Federal Deposit Insurance Corporation; or
(7) an ABLE account established in accordance with the Texas Achieving a Better Life Experience (ABLE) Program under Subchapter J, Chapter 54, Education Code.
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.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 938 (S.B. 1764), Sec. 1, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm
- Text hash
- sha256 5b6f8d7da8320ce871a990edc95f498d47b01badf3f6ad1c6893b3a70081da60
- 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
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