Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Estates Code § 1161.053: APPLICABILITY OF PROCEDURE TO CERTAIN ASSETS.

Where this section sits in the code

ESTATES CODE
TITLE 3. GUARDIANSHIP AND RELATED PROCEDURES
SUBTITLE E. ADMINISTRATION OF GUARDIANSHIP
CHAPTER 1161. INVESTMENTS AND LOANS OF ESTATES OF WARDS
SUBCHAPTER B. PROCEDURE FOR MAKING INVESTMENTS OR LOANS OR RETAINING ESTATE ASSETS

The fact that an account or other asset is the subject of a specific or general gift under a ward's will, if any, or that a ward has funds, securities, or other property held with a right of survivorship does not prevent:

(1) the guardian of the estate from taking possession and control of the asset or closing the account; or

(2) the court from authorizing an action or modifying or eliminating a duty with respect to the possession, control, or investment of the account or other asset.

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

Browse this collection