Texas Statutes
§ 1161.008 — LIABILITY OF GUARDIAN AND GUARDIAN'S SURETY.
Texas § 1161.008
JurisdictionTexas
Code ESEstates Code
This text of Texas § 1161.008 (LIABILITY OF GUARDIAN AND GUARDIAN'S SURETY.) 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. § 1161.008 (2026).
Text
Sec. 1161.008. LIABILITY OF GUARDIAN AND GUARDIAN'S SURETY.
(a)In addition to any other remedy authorized by law, if the guardian of the estate fails to invest or lend estate assets in the manner provided by this chapter, the guardian and the guardian's surety are liable for the principal and the greater of:
(1)the highest legal rate of interest on the principal during the period the guardian failed to invest or lend the assets; or
(2)the overall return that would have been made on the principal if the principal were invested in the manner provided by this chapter.
(b)In addition to the liability under Subsection (a), the guardian and the guardian's surety are liable for attorney's fees, litigation expenses, and costs related to a proceeding brought to enforce this section.
SUBCHAPTER
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Legislative History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.02, eff. January 1, 2014.
Nearby Sections
15
§ 1161.001
GUARDIAN'S DUTY TO KEEP ESTATE INVESTED.§ 1161.006
RETENTION OF CERTAIN ASSETS.§ 1161.007
HEARING TO PROTECT ESTATE.§ 1161.051
PROCEDURE IN GENERAL.§ 1161.052
COURT ACTION.§ 1161.101
DEFINITION.§ 1161.103
INVESTMENT REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1161.008, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ES/1161.008.