Tex. Estates Code § 1161.001
This is the official text of Tex. Estates Code § 1161.001, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 1161.001. GUARDIAN'S DUTY TO KEEP ESTATE INVESTED.
Official statutory text
(a) The guardian of the estate shall invest any funds and assets of a ward's estate available for investment except:
(1) if the court orders otherwise under this chapter; or
(2) as provided by Subsection (b).
(b) The guardian of the estate is not required to invest funds that are immediately necessary for the education, support, and maintenance of the ward or any others the ward supports as provided by this title.
(1) if the court orders otherwise under this chapter; or
(2) as provided by Subsection (b).
(b) The guardian of the estate is not required to invest funds that are immediately necessary for the education, support, and maintenance of the ward or any others the ward supports as provided by this title.
Status: in_force · Read it on the official government site
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