Texas § 1161.051 PROCEDURE IN GENERAL.

Texas Statutes

§ 1161.051 — PROCEDURE IN GENERAL.

Texas § 1161.051

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This text of Texas § 1161.051 (PROCEDURE IN GENERAL.) 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. § 1161.051 (2026).

Text

Sec. 1161.051. PROCEDURE IN GENERAL.

(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:

(1)invest estate assets according to Section 1161.003 ; or

(2)file a written application with the court for an order:

(A)authorizing the guardian to:

(i)develop and implement an investment plan for estate assets;

(ii)invest in or sell securities under an investment plan developed under Subparagraph (i);

(iii)declare that one or more estate assets must be retained, despite being underproductive with respect to income or overall return; or

(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 (B

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Sec. 1161.051. PROCEDURE IN GENERAL. (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:
(1) invest estate assets according to Section 1161.003 ; or
(2) file a written application with the court for an order:
(A) authorizing the guardian to:
(i) develop and implement an investment plan for estate assets;
(ii) invest in or sell securities under an investment plan developed under Subparagraph (i);
(iii) declare that one or more estate assets must be retained, despite being underproductive with respect to income or overall return; or
(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
(B) modifying or eliminating the guardian's duty to invest the estate.
(b) The court may approve an investment plan under Subsection (a)(2) without a hearing.