Texas Estates Code

§ 1161.051 — PROCEDURE IN GENERAL

ES § 1161.051Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1161. INVESTMENTS AND LOANS OF ESTATES OF WARDS · Art. B. PROCEDURE FOR MAKING INVESTMENTS OR LOANS OR RETAINING ESTATE ASSETS

Statute text

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(a)Not later than the 180th day after the date the guardian of the estate qualifies as guardian or another date specified by the court, the guardian shall:

(1)invest estate assets according to Section 1161.003; or

(2)file a written application with the court for an order:

(A)authorizing the guardian to:

(i)develop and implement an investment plan for estate assets;

(ii)invest in or sell securities under an investment plan developed under Subparagraph (i);

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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.