{"data":{"id":"us-tx/tex.-estates-code-1161.003","jurisdiction":"us-tx","citation":"Tex. Estates Code § 1161.003","heading":"INVESTMENTS THAT MEET STANDARD FOR INVESTMENT.","body":"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:\n(1) bonds or other obligations of the United States;\n(2) tax-supported bonds of this state;\n(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;\n(4) if the payment of the shares or share accounts is insured by the Federal Deposit Insurance Corporation, shares or share accounts of:\n(A) a state savings and loan association or savings bank that has its main office or a branch office in this state; or\n(B) a federal savings and loan association or savings bank that has its main office or a branch office in this state;\n(5) collateral bonds that:\n(A) are issued by a company incorporated under the laws of this state that has a paid-in capital of $1 million or more;\n(B) are a direct obligation of the company; and\n(C) are specifically secured by first mortgage real estate notes or other securities pledged with a trustee;\n(6) interest-bearing time deposits that may be withdrawn on or before one year after demand in a bank that does business in this state, if the payment of the time deposits is insured by the Federal Deposit Insurance Corporation; or\n(7) an ABLE account established in accordance with the Texas Achieving a Better Life Experience (ABLE) Program under Subchapter J, Chapter 54, Education Code.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 938 (S.B. 1764), Sec. 1, eff. September 1, 2017.","path":["ESTATES CODE","TITLE 3. GUARDIANSHIP AND RELATED PROCEDURES","SUBTITLE E. ADMINISTRATION OF GUARDIANSHIP","CHAPTER 1161. INVESTMENTS AND LOANS OF ESTATES OF WARDS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm#1161.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:08Z","sha256":"fe6ff0c898bbf1be3990b49de01110fd253b5bcd73ba976bc1c0d36daf921889","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-estates-code-1161.002","next":"us-tx/tex.-estates-code-1161.004"},"notice":"GroundRules: Original legal text. Not legal advice."}