Tex. Estates Code § 1161.202
AUTHORITY TO MAKE LOANS
Texas · Texas Estates Code · Status: effective
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- Citation
- Tex. Estates Code § 1161.202, AUTHORITY TO MAKE LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/625874
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Full text
(a) If, at any time, the guardian of the estate has on hand money belonging to the ward in an amount that provides a return that is more than is necessary for the education, support, and maintenance of the ward and others the ward supports, if applicable, the guardian may lend the money for a reasonable interest rate.
(b) The guardian of the estate is considered to have obtained a reasonable interest rate for a loan for purposes of Subsection (a) if the interest rate is at least equal to 120 percent of the applicable short-term, midterm, or long-term interest rate under Section 7520, Internal Revenue Code of 1986, for the month during which the loan was made.