Tex. Est. Code § 1161.153 · Subchapter D. INVESTMENTS IN REAL ESTATE
COURT APPROVAL OF CONTRACTS REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a contract is made for the investment of money in real estate under a court order, the guardian of the estate shall report the contract in writing to the court.
(b) The court shall inquire fully into the contract. If satisfied that the investment will benefit the ward's estate and that the title of the real estate is valid and unencumbered, the court may approve the contract and authorize the guardian to pay money in performance of the contract.
(c) The guardian may not pay any money on the contract until the contract is approved by a court order to that effect.
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 bd71be2d2ee982f4d97d91b4aab686008e835a978f4e3164a160980ccf196ed8
- 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.