Tex. Est. Code § 1161.052 · Subchapter B. PROCEDURE FOR MAKING INVESTMENTS OR LOANS OR RETAINING ESTATE ASSETS
COURT ACTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the court determines that the action requested in the application is in the best interests of the ward and the ward's estate, the court shall issue an order:
(1) granting the authority requested in the application; or
(2) modifying or eliminating the guardian's duty to keep the estate invested.
(b) An order under Subsection (a) must state in reasonably specific terms:
(1) the nature of the investment, investment plan, or other action requested in the application and authorized by the court, including any authority to invest in and sell securities in accordance with the investment plan's objectives;
(2) when an investment must be reviewed and reconsidered by the guardian; and
(3) whether the guardian must report the guardian's review and recommendations to the court.
(c) A citation or notice is not necessary to invest in or sell securities under an investment plan authorized by the court under this section.
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.1161.htm
- Text hash
- sha256 a4afcba5759b6368d35d53460f15907e3bfd4c32a9407bfd78cf6aae46be62d3
- 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.