Texas § 1105.156 DEPOSIT OF ESTATE ASSETS ON TERMS PRESCRIBED BY COURT.

Texas Statutes

§ 1105.156 — DEPOSIT OF ESTATE ASSETS ON TERMS PRESCRIBED BY COURT.

Texas § 1105.156

Code ESEstates Code

This text of Texas § 1105.156 (DEPOSIT OF ESTATE ASSETS ON TERMS PRESCRIBED BY COURT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Estates Code Code Ann. § 1105.156 (2026).

Text

Sec. 1105.156. DEPOSIT OF ESTATE ASSETS ON TERMS PRESCRIBED BY COURT.

(a)Cash, securities, or other personal assets of a ward to which the ward is entitled may, or if considered by the court to be in the best interests of the ward, shall, be deposited in one or more depositories described by this subchapter on terms prescribed by the court.

(b)The court in which the guardianship proceeding is pending may authorize or require additional estate assets currently on hand or that accrue during the pendency of the proceeding to be deposited as provided by Subsection (a) on:

(1)the court's own motion; or

(2)the written application of the guardian or any other person interested in the ward.

(c)The amount of the bond required to be given by the guardian of the estate shall be reduced in propor

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Sec. 1105.156. DEPOSIT OF ESTATE ASSETS ON TERMS PRESCRIBED BY COURT. (a) Cash, securities, or other personal assets of a ward to which the ward is entitled may, or if considered by the court to be in the best interests of the ward, shall, be deposited in one or more depositories described by this subchapter on terms prescribed by the court.
(b) The court in which the guardianship proceeding is pending may authorize or require additional estate assets currently on hand or that accrue during the pendency of the proceeding to be deposited as provided by Subsection (a) on:
(1) the court's own motion; or
(2) the written application of the guardian or any other person interested in the ward.
(c) The amount of the bond required to be given by the guardian of the estate shall be reduced in proportion to the amount of the cash or the value of the securities or other assets deposited under this section.
(d) Cash, securities, or other assets deposited under this section may be withdrawn wholly or partly from the depository only in accordance with a court order, and the amount of the guardian's bond shall be increased in proportion to the amount of the cash or the value of the securities or other assets authorized to be withdrawn.