Texas Estates Code

§ 1161.003 — INVESTMENTS THAT MEET STANDARD FOR INVESTMENT

ES § 1161.003Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1161. INVESTMENTS AND LOANS OF ESTATES OF WARDS · Art. A. GENERAL PROVISIONS

Statute text

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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

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Legislative history

Acts 2017, 85th Leg., R.S., Ch. 938 (S.B. 1764), Sec. 1, eff. September 1, 2017.