{"data":{"id":"us-tx/tex.-estates-code-1161.051","jurisdiction":"us-tx","citation":"Tex. Estates Code § 1161.051","heading":"PROCEDURE IN GENERAL.","body":"(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:\n(1) invest estate assets according to Section 1161.003; or\n(2) file a written application with the court for an order:\n(A) authorizing the guardian to:\n(i) develop and implement an investment plan for estate assets;\n(ii) invest in or sell securities under an investment plan developed under Subparagraph (i);\n(iii) declare that one or more estate assets must be retained, despite being underproductive with respect to income or overall return; or\n(iv) loan estate funds, invest in real estate or make other investments, or purchase a life, term, or endowment insurance policy or an annuity contract; or\n(B) modifying or eliminating the guardian's duty to invest the estate.\n(b) The court may approve an investment plan under Subsection (a)(2) without a hearing.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm#1161.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:08Z","sha256":"0789333b8d8bb2c55fe626e520ef95bf0d86ac031c507bc63c75a3ec58cd19b5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-estates-code-1161.008","next":"us-tx/tex.-estates-code-1161.052"},"notice":"GroundRules: Original legal text. Not legal advice."}