Tex. Estates Code § 1101.156
DEPOSIT OF ESTATE ASSETS
Texas · Texas Estates Code · Status: effective
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- Citation
- Tex. Estates Code § 1101.156, DEPOSIT OF ESTATE ASSETS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/625451
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Full text
(a) At the time or after an order appointing a guardian is signed by the court but before letters of guardianship are issued, a court may, on the request of a party, require the deposit for safekeeping of cash, securities, or other assets of a ward or proposed ward in a financial institution described by Section 1105.155(b).
(b) The amount of the bond required to be given by the guardian under Section 1105.101 shall be reduced in proportion to the amount of the cash or the value of the securities or other assets deposited under this section.