Tex. Estates Code § 1354.005
USE OF EXCESS ESTATE ASSETS
Texas · Texas Estates Code · Status: effective
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- Citation
- Tex. Estates Code § 1354.005, USE OF EXCESS ESTATE ASSETS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/626172
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Full text
(a) A receiver who, while the receivership is pending, has possession of an amount of money belonging to the incapacitated person in excess of the amount needed for current necessities and expenses may, under direction of the judge, invest, lend, or contribute all or part of the excess money in the manner, for the security, and on the terms provided by this title for investments, loans, or contributions by guardians.
(b) The receiver shall report to the judge all transactions made under this section in the same manner that a report is required of a guardian under this title.