Texas Property Code

§ 143.002 — APPLICATION TO ESTABLISH SUBACCOUNT

PR § 143.002Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part A. PERSONS UNDER DISABILITY · Ch. 143. POOLED TRUST SUBACCOUNTS

Statute text

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The following persons may apply to the court having jurisdiction under Section 142.005 for the establishment of a subaccount solely for the benefit of a proposed beneficiary who is a person for whom a management trust has been or could be established for the person's benefit under Section 142.005:

(1)the trustee of a management trust established under Section 142.005 for the benefit of the proposed beneficiary of the subaccount;

(2)the guardian of the person or estate, or both, of the proposed beneficiary of the subaccount;

(3)a person who has filed an application for the appointment of a guardian of the person or estate, or both, for the proposed beneficiary of the subaccount;

(4)an attorney ad litem or guardian ad litem appointed to represent the proposed beneficiary of the subaccount; or

(5)the proposed beneficiary, if the proposed beneficiary is not a minor or incapacitated person.

Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 8, eff. September 1, 2019.