Texas § ES.1161.051 - PROCEDURE IN GENERAL
Full text of Texas The Texas Constitution § ES.1161.051 — PROCEDURE IN GENERAL, with citation guidance and answers to common questions.
§ ES.1161.051. PROCEDURE IN GENERAL
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. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.02, eff. January 1, 2014.
Frequently Asked Questions About Texas § ES.1161.051
What does The Texas Constitution § ES.1161.051 cover?
Section ES.1161.051 ("PROCEDURE IN GENERAL") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ES.1161.051?
A common citation format is "The Texas Constitution § ES.1161.051" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ES.1161.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.