Tex. Est. Code § 1354.005 · Chapter 1354. RECEIVERSHIP FOR ESTATES OF CERTAIN INCAPACITATED PERSONS
USE OF EXCESS ESTATE ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A receiver who, while the receivership is pending, has possession of an amount of money belonging to the incapacitated person in excess of the amount needed for current necessities and expenses may, under direction of the judge, invest, lend, or contribute all or part of the excess money in the manner, for the security, and on the terms provided by this title for investments, loans, or contributions by guardians.
(b) The receiver shall report to the judge all transactions made under this section in the same manner that a report is required of a guardian under this title.
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.1354.htm
- Text hash
- sha256 3b4821ffa8179cb9f1a0f0cbc31fa449230950ac6c59103b07493f114d7012e2
- 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.