Texas Estates Code

§ 1151.155 — OPERATION OR RENTAL OF FARM, RANCH, FACTORY, OR OTHER BUSINESS

ES § 1151.155Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1151. RIGHTS, POWERS, AND DUTIES UNDER GUARDIANSHIP · Art. D. POSSESSION AND CARE OF WARD'S PROPERTY BY GUARDIAN OF THE ESTATE

Statute text

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(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

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.