Tex. Estates Code § 1151.155: OPERATION OR RENTAL OF FARM, RANCH, FACTORY, OR OTHER BUSINESS.
Where this section sits in the code
- ESTATES CODE
- TITLE 3. GUARDIANSHIP AND RELATED PROCEDURES
- SUBTITLE E. ADMINISTRATION OF GUARDIANSHIP
- CHAPTER 1151. RIGHTS, POWERS, AND DUTIES UNDER GUARDIANSHIP
- SUBCHAPTER D. POSSESSION AND CARE OF WARD'S PROPERTY BY GUARDIAN OF THE ESTATE
(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
(B) the necessity that may exist for the future sale of the property or business for the payment of a debt, claim, or other lawful expenditure; and
(2) may not extend the time of renting any of the property beyond what appears consistent with the maintenance and education of a ward or the settlement of the ward's estate.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Collected 2026-08-27T01:47:08Z. Source file · JSON